How to Switch
Already Factoring?
The success of your business is too important to stay working with a funding partner that does not meet all of your requirements.
The GO Funding team has years of experience helping business owners navigate the steps to change their funding partner.
In a painless 15-minute consultation with our expert, we will learn about your current contract, create a step-by-step plan to assist in navigating out of it, and then match you with a truck factoring company that meets and surpasses your requirements.
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New to Factoring?
Go Funding can help you connect with the right financing partner for your business.
Common Questions
How can I get out of my factoring contract?
You should immediately verify the expiration date of your current contract and any early termination costs that may apply. Read everything thoroughly to avoid missing any hidden fees or terms.
When moving factoring businesses, how does the buyout process work?
Because the buyout procedure is similar to refinancing your house, it is sometimes referred to as a refinance. Simply said, on the day of your buyout, all invoices presently open with your current factoring firm will be transferred to your new factoring company.
Do I have to notify my consumers that I'm changing factoring companies?
When you move factoring businesses, both your existing and new factor will notify your clients of the change. Once you send your bills to be funded, you should amend your invoices with the remit to address of your new factoring business to make the process run more smoothly.
