How We Rate
We didn’t just randomly pick companies for our ratings; we aimed to focus on the ones you’re most likely to be interested in. Using Google’s keyword tool, we identified which companies are most frequently searched for in combination with the term “factoring.”
From this research, we selected the top 5 most-searched companies to feature in our comparison table. But we didn’t stop there. We calculated initial scores for each company based on a set of factors and formulas, which you’ll find detailed below. Our top pick received a perfect initial score of 10, and the scores for the remaining companies were calculated as a percentage of this top score.
Points we take into consideration and weights we apply to them
- Public Reviews Score: 35%
- Credit Rating: 30%
- Better Business Bureau Grade: 5%
- Number of BBB Complaints in the Last 12 Months: 10%
- Number of BBB Complaints in the Last 3 Years: 10%
- Presence or Absence of BBB Accreditation: 5%
OTR Solutions
- Public Reviews Score: (4.7/5)×35=32.9
- Credit Rating: (4/5)×30=24
- BBB Grade: (5/5)×5=5
- Number of BBB Complaints in the Last 12 Months: (3/3)×10=10
- Number of BBB Complaints in the Last 3 Years: (9/9)×10=10
- BBB Accreditation: 1×5=5
Total Score for OTR Solutions: 32.9+24+5+10+10+5=86.9
RTS Financial
- Public Reviews Score: (4.5/5)×35=31.5
- Credit Rating: (5/5)×30=30
- BBB Grade: (1/5)×5=1
- Number of BBB Complaints in the Last 12 Months: (3/22)×10=1.36
- Number of BBB Complaints in the Last 3 Years: (9/63)×10=1.43
- BBB Accreditation: 0×5=0
Total Score for RTS Financial: 31.5+30+1+1.36+1.43+0=65.29
TBS Factoring
- Public Reviews Score: (3.3/5)×35=23.1
- Credit Rating: (3/5)×30=18
- BBB Grade: (3/5)×5=3
- Number of BBB Complaints in the Last 12 Months: (3/20)×10=1.5
- Number of BBB Complaints in the Last 3 Years: (9/41)×10=2.2
- BBB Accreditation: 0×5=0
Total Score for TBS Factoring: 23.1+18+3+1.5+2.2+0=47.8
TAFS
- Public Reviews Score: (2.8/5)×35=19.6
- Credit Rating: (4/5)×30=24
- BBB Grade: (4/5)×5=4
- Number of BBB Complaints in the Last 12 Months: (3/165)×10=0.18
- Number of BBB Complaints in the Last 3 Years: (9/351)×10=0.26
- BBB Accreditation: 1×5=5
Total Score for TAFS: 19.6+24+4+0.18+0.26+5=53.04
Triumph Business Capital
- Public Reviews Score: (3.7/5)×35=25.9
- Credit Rating: (4/5)×30=24
- BBB Grade: (4/5)×5=4
- Number of BBB Complaints in the Last 12 Months: (3/6)×10=5
- Number of BBB Complaints in the Last 3 Years: (9/17)×10=5.29
- BBB Accreditation: 1×5=5
Total Score for Triumph Business Capital: 25.9+24+4+5+5.29+5=69.19
Normalizing Scores
To normalize these scores so that top pick gets a score of 10, and the others are scored as a percentage of top pick’s score:
- OTR Solutions with: 10
- RTS Financial: (65.29/86.9)×10≈7.51
- TBS Factoring: (47.8/86.9)×10≈5.49
- TAFS: (53.04/86.9)×10≈6.10
- Triumph Business Capital: (69.19/86.9)×10≈7.96