Triumph Business Capital Reviews: Pros, Cons, Are They Legit (2025)
The Bottom Line:
Triumph Business Capital is an excellent choice for businesses looking to improve cash flow through invoice factoring. Their flexibility, quick funding, and comprehensive online platform make them a strong contender in the invoice factoring space.
| Pros | Cons |
|---|---|
| Provides quick access to cash. | Factoring fees can be higher than traditional loans. |
| No long-term contracts or minimum volume requirements. | Not suitable for businesses with low sales volumes. |
| Online platform for easy management. | Requires customers to pay invoices directly to Triumph. |
| Scalable solution that grows with your business. |
Full Review:
Triumph Business Capital offers a unique and flexible financing solution for businesses through invoice factoring. This financial product allows businesses to sell their outstanding invoices to Triumph in exchange for an immediate cash advance, typically amounting to 80-90% of the invoice value. Triumph then collects the invoice payment directly from the customer, and once the invoice is paid, the business receives the remaining balance, minus a factoring fee.
Triumph Business Capital is best for businesses that:
Have long invoice payment terms: Businesses with long invoice payment terms often struggle with cash flow. Triumph's invoice factoring service allows these businesses to receive cash almost immediately, instead of waiting for their customers to pay.
Struggle with late-paying customers: If your customers consistently pay their invoices late, this can create serious cash flow problems. Invoice factoring with Triumph allows you to get paid immediately, regardless of when your customers decide to pay.
Need flexible financing: Triumph's invoice factoring service is a flexible financing solution that grows with your business. As your sales increase, so does the amount of funding available to you.
Triumph Business Capital Features
Triumph Business Capital's primary service is invoice factoring, but they also offer additional features that help businesses manage their accounts receivable.
| Feature | Triumph Business Capital |
|---|---|
| Funding amount | Up to 90% of invoice value |
| Factoring fee | Varies based on invoice and customer creditworthiness |
| Contract length | No long-term contract required |
| Funding speed | As fast as 24 hours |
| Online management platform | TriumphPay available |
Triumph Business Capital Requirements
To use Triumph Business Capital's invoice factoring service, a business needs to have outstanding invoices from creditworthy customers. While Triumph does not publish specific minimum requirements, they do evaluate the creditworthiness of your customers as part of their approval process.
Where Triumph Business Capital Stands Out
Flexible Financing
One of the standout features of Triumph Business Capital is the flexibility of their financing. The amount of funding available to a business is directly tied to its sales. As sales increase, so does the potential funding, making Triumph a scalable solution that can support a growing business.
Speed of Funding
Another area where Triumph shines is in their speed of funding. They can provide cash within 24 hours of receiving an invoice. This rapid turnaround can be a lifesaver for businesses struggling with cash flow.
Comprehensive Online Platform
Triumph's online platform, TriumphPay, is another feature that sets them apart. This platform provides real-time tracking of invoice status and payments, helping businesses manage their accounts receivable more effectively.
Where Triumph Business Capital Falls Short
Factoring Fees
One of the potential downsides of Triumph Business Capital is their factoring fees. While Triumph doesn't publicize its specific fee structure, it's known that factoring fees in general can be higher than the interest rates charged by traditional lenders. This means that while invoice factoring with Triumph can provide quick access to cash, it may also be more expensive in the long run, particularly for businesses that could qualify for lower-cost forms of financing.
Customer Payment Process
Another potential drawback of Triumph Business Capital's service is the requirement for customers to pay their invoices directly to Triumph. While this is a standard practice in invoice factoring, it's worth noting because it can cause confusion or concern for some customers who are used to paying the business directly. Businesses considering invoice factoring should weigh the benefits against any potential impact on customer relationships.
The Final Verdict
Triumph Business Capital offers a valuable service for businesses struggling with cash flow due to long invoice payment terms or late-paying customers. Their invoice factoring service provides quick access to cash, allowing businesses to better manage their cash flow and support growth. However, it's important for businesses to understand the costs associated with invoice factoring and consider whether this type of financing is the best fit for their needs.
FAQs
What types of businesses can benefit from Triumph Business Capital's services?
Triumph Business Capital primarily serves small to mid-sized businesses that need immediate cash to cover their operational expenses. They specialize in invoice factoring services for various industries including trucking, staffing, government contractors, and wholesale or distribution companies.
Is there a minimum credit score requirement to use Triumph Business Capital's services?
No, there isn't a minimum credit score requirement. Triumph Business Capital focuses more on the creditworthiness of your customers rather than your business. This is because they are essentially buying your invoices and then collecting payment from your customers.
How quickly can I receive funds from Triumph Business Capital?
After your initial setup, which typically takes 3-5 business days, Triumph Business Capital can provide funding within 24 hours of receiving your invoices. The speed and efficiency of their service can be a game-changer for businesses with urgent cash flow needs.
Does Triumph Business Capital require a long-term contract?
Yes, Triumph Business Capital typically requires a contract term of at least one year. However, they do not require a minimum monthly factoring volume, so you have some flexibility in how much you factor each month.
What happens if my customer does not pay an invoice?
As part of Triumph Business Capital's service, they offer credit protection for non-recourse factoring clients. This means that they assume the risk of non-payment due to customer insolvency. However, if non-payment is due to disputes over goods or services, you may still be liable.
Does Triumph Business Capital offer any additional services?
Yes, aside from invoice factoring, Triumph Business Capital also provides equipment financing and asset-based lending. These services can be beneficial for businesses looking for alternative or additional financing options.
Can I choose which invoices I want to factor?
Yes, Triumph Business Capital allows you to select which invoices you want to factor. This flexibility lets you maintain control over your customer relationships and manage your cash flow according to your specific needs.
How does Triumph Business Capital's fuel card program work?
Their fuel card program offers competitive discounts on fuel at in-network locations across the country. This can be a valuable benefit for businesses in the trucking industry.
What are some alternatives to Triumph Business Capital?
There are many other companies that offer invoice factoring services, including BlueVine, Fundbox, and C2FO. It's important to compare fees, terms, and customer service when choosing a factoring company.
What customer support does Triumph Business Capital offer?
Triumph Business Capital offers dedicated account representatives who provide personalized support. Clients can also access their online account 24/7 for real-time information about their factored invoices and available funds.
Customer Reviews
I was a skeptic when it came to working with a factoring firm. Everybody has heard the horror stories. When it came time to raise and find a strategic partner, we chose Interstate Capital Corp.. We had several conversations and meetings with JR.. He took the time to understand not just how we run our business but helped us assess our customer's aging and credit terms before we became a client. JR offered options . In reality, it forced us to examine our accounting processes and we discovered a solution that helped improve our profitability and minimize costs. Their team is knowledgeable and friendly. Signing up was extremely easy, and the representative that is perfect was made by ICC for our account. I am impressed with their technologies, ease of doing business and each of the additional free perks they offer. J. Barreras President - Login Multimodal, LLC.
This is perhaps the factoring firm that is worst . The good: they do variable a lot of brokers. The bad: they are constantly denying paperwork For one reason or another afterward Instead of calling and calling You of a denial they email you in the day I am driving a Rig sometimes 4-6 hours I can not Consistently check my email, Then there's the phone the only answer you get is from the ope- rator who join one to telephones No one answers and forget about leaving messages it will be a dark place in hell before anyone returns a call, there's a lot more negatives but I'll stop here Stay away from this company or you'll be sorry of course that is my expertise I'm discussing.
ICC has been the best choice I could have made when it comes to a factoring company. Paco Irigoyen, my account supervisor, has been dedicated from day one & very professional. He has made this process simpler he released the strain when it comes to getting paid on time and / or any other issues we have had and has solved the matter. I would not consider heading to anybody even if they assured me that the sun, moon, & stars. I was never guaranteed anything, if anything and being taken care of before my eyes. Paco definitely goes far & beyond and has solved any slight alterations in a timely fashion manner. Thank you ICC.
Account Manager My communicating is mainly my accounts manager writing to me in ALL caps in the topic field. Late notification on asserts, was told about day 84 about a promise (just hearing about it about this afternoon for the 1st time) that it was going to be turned back and I'd be liable for it on day 90. Just giving me 6 days to figure it out the details about the claim and to receive it solved - given to me on a Friday and it was a holiday weekend ). Lucky me! :-/ Poor communication, felt like there was a lot of"little" disclaimers, which weren't communicated when I was registering for there service.
As a flatbed woman proprietor I find my own cargo,drive,deal with agents etc.. I don't have enough time to sit at home and await the tests do. paperwork everything that goes with it . As all knows no money isn't being rolled by wheels is being made. It is so much easier to take care of interstate I have worked with Nancy straight from the get go and I will last. I've worked together with factoring firms but this is undoubtedly the best. Grass isn't greener on the other side. Been company that is solid that is steady. I've found out they will go above and beyond to help keep you moving.
Last year has been the most costly year we had. It had been detrimental we're paid for every load ASAP, or we would be out of business. We'd have to take fuel advances on some loads to stay in the game. ICC's services came to the rescue. We've found these to be crucial for our business, Carla Chavira, our account manager, has become dependable and very helpful. Everyone at ICC has been quite friendly and personable. I would recommend their services to everyone. We have had no complaints or problems and have depended on them for more than a year. Once more. 5 Stars.
We suggest Interstate Capital to anyone if you are a business that is large or that it is either starting a small business. When we began our company Interstate Capital was helpful in every way in getting us started, we have been with them for many decades now and have not had problems with them, that they are easy to always get a hold of them and are always there in the event that you have question and are they are always keen to listento. We receive our settlements quickly! We give up a Thumbs to Interstate Capital!
The staff at ICC is superb. You could not ask for a friendlier staff. Any orders made are managed with the utmost care and immediately. They'll do what they can to help out with a vast array of issues and when one person does not know that there are others who are quick to speak up with thoughts. They are right there alongside you during your trial and tribulations and will share in your successes. This company definitely gets the factoring business figured out and reveals staying power.
Horrible experience! I called to learn about factoring decided to go with a company a ucc filed against my company and charged me a commission eliminate it. They took several days simply to tell me the way to pay the fee. I asked them gave them the right to submit the ucc they didn't have a contract that was signed and I got a run. 230 bucks to get rid of. Very folks Sarah Williams was I had been dealing with and that I did good to get correspondence more than once a day
As a business we have utilized Interstated Capital Corp for 7 Years. They have always been out standing in their support to us. Everytime I have emailed a question, they have responded with an answer. I like when a business and I communicate and is well informed on ALL situations. I would recommend this business. 5-Stars=AAAAAAAAAAAA+ assistance.
Like all things, it took a few attempts to find acquainted with the practices, but after the figuring of the simple procedure Interstate Capital was a true blessing in disguise. With is so wonderful, and individual. Everything goes easy and fast. As far as a factoring business, these individuals are topnotch.
I'm a owner/operator of a hotshot.
I fought for the first 6 weeks I was in business with them out. I wish I would have used them it left my life and my job a lot simpler. Everyone there was really helpful. Would recommend them.
This is Elda manager from Rock Runner Llc.
We are on business since 2009 and we've been with ICC since that time. My experience with ICC have been satisfactory. ICC is recommended by me . Just try them, and you'll see the gap
Honestly speaking, intestate capital gave me the chance to run my business smoothly. Most important, is they are dependable and reliable. My drivers get pay on time also my vendors. Thank you so much, I hope we continue to develop.
We have had an excellent relationship with because 2012. The people are incredibly proficient and have given a lower rate because of the volume of currencies we have contracted to us. Thanks to all, Vickie Hollis, Logistics Manager
This is a good company to become factoring with. They are prompt and extremely helpful with their services. Our case manager is always there to help and when she is not accessible there is one who's ready to assist us
I have had a fantastic experience with them, especially he is really the best after my urge shifted to Daniel Munoz and always going out of his way to help me out. It wouldn't alter at all although I get call.
Interstate capital is a superb place to begin if work out things them and to benifit you and you need to be payed hrs they honest. Do not have anything bad to say about interstate capital GREAT COMPANY
The procedure was fast. They had us financed for our receivable in a couple of days. Invoice submissions are paid quickly. I've dealt with factoring companies and this has been a pleasure.
Over 3 years and no issues. Paid each time. They assist you with questions immediately. Request Crystal Nutter as your account manager if you consider them. EXCEPTIONALISM AT ITS BEST!
Fantastic financial experience. Helpful and friendly staff. A trusted organization in all facets of business. I have been a customer for 2 decades. Keep the fantastic work up!
Everything is a good comunicación and really fast. We inform my friend and look forward to. You're the very best keep the Fantastic work Thank you Ericson LLC Maricopa AZ
I am happy to have this provider. Our rep is the best, the systems are easy, and they're always there when needed. It's a stress on my plate, realizing they have my back.
I have worked with ICC for more than ten decades and continue to be amazed. Fundings with collections to help make sure your statement gets paid in a timely fashion!
We're extremely happy with your services. Our accounts manager is always helpful with problems or any questions that we encounter. heriberto balderas
We are happy with the services we received from Interstate Capital. Our Account Manager is Paco, for getting our accounts financed 16, and he strives.
ICC has enabled me to achieve a more professional opinion. The ease of use is valued and accounting is accurate I can access. Terrific job ICC
I don't recommend this business. They will not give it for you if you need a release letter and they have poor customer services.
Factoring with them because 2012, so far. Quick funding for my invoices and staff all around.
Interstate capital have the Top people analysts Nice and Professional That I love work
Fantastic Company customer service is excellent. They are helping my business grow. Thanks!
Interstate Capital delivers a simple and straight forward process for factoring. Thanks!
Customer reps exceed my expectations, always finding answers to help ones business grow.
ISCC should not charge any fee for fuel card financing how some other companies do.
Speedy response nice people polite Response make u understand What Exactly
My Account supervisor is excellent. He is always available to me and efficient
We Also Have N't Replied and have requested an interview with you
Our ICC account supervisor has been useful professional and attentive .
Best factoring. Pay quickly. Deposit the identical day no problems
No Gripe they paid on time thanks and assist you Each time
Fantastic account manager. The FPS needs some serious upgrading
I Genuinely Urge interstate capital, they're Fantastic
It takes answering the phones store specializing Acesor
Awesome business to work with, want I found them earlier!
I love this factoring company.
Excelent Support
Are of the best
About Triumph Business Capital
Triumph Business Capital is a factoring company that offers a variety of unique features to clients including low factoring rates, advance rates up to 100%, same-day funding, 24/7 automatic credit approvals, fuel advances (for motor carriers), professional collections, and much more!
Website:
invoicefactoring.com
Contact:
1255 Country Club RdSanta Teresa
88008
United States
(800) 422-5995
[email protected]