5 Largest Factoring Companies in the US

4. New Century Financial (NYSE: NEW)

Revenue: $78 M
Number of employees: 22
Market cap: 2,245056 M
Asset: 26.15 B
Market Value: 2.18 B
Minimum Rate Percentage: 1.25 %
Maximum Account Receivable: $10 million

New Century Financial is a Houston-based factoring company founded in 1985 and since then has been providing innovative factoring services for small to medium-sized businesses with annual revenues ranging from $250,000 to $50 million. They offer services to manufacturing, oil and gas, distribution, staffing, service, energy, and transportation industries. The good thing about New Century Financial is they don’t offer any start-up fee and there is no lock-in contract. Not to mention that a business can sell maximum account receivables amounting to $10 million!