There are numerous questions to ask

• How quickly does the factor collect debts?
• What are their procedures in detail and do they suit you?
• Do you have online access to your facility?
• What other charges/disbursements are payable?
• By whom and where is your account to be handled?
• Does the factor have experience of your industry?
• What will happen if a customer goes over the credit limit?
• What period of notice must you give to end an agreement?
• What security does the factor require?
• What restrictions such as concentration limits are there?
• What is the advance rate %?
• What are the set up costs?
• How much will the facility generate in cash terms?

The above only represent a few of the many questions an experienced broker will be able to help you with.