However, you’ll still need to be turning over at least $100,000 to be eligible for Triumph’s invoice factoring service, and a personal credit score of at least 500.There are no additional fees, and no monthly minimum amount you’ll have to factor.An origination fee of $300 may apply when you begin working with Triumph Factoring.This is the fee Triumph Factoring charges you for releasing the cash upfront, and is an ongoing cost A discount rate of between 1% and 4% of the invoice’s value, per month.In terms of a maximum funding amount, there’s nothing stated on Triumph Factoring’s website, but it’s believed to be as much as $20 million.This is the amount you’ll receive up front, and is a percentage of the invoice you’re factoring with Triumph. ![]() We can tell you a bit about what to expect when it comes to the figures, though: Because of the vastly differing sizes, industries, and budgets of the businesses Triumph serves, you’ll receive a bespoke factoring solution, with a bespoke price to boot. Similar to many of its competitors, Triumph Factoring doesn’t openly advertise its fees. Triumph Factoring’s tailored solution for the oil and gas industry can help.
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