Payost vs. Triumph Business Capital

Storm restoration companies often suffer from cash flow uncertainties. That sad state is driven by the nature of their business. It’s not uncommon for them to expend all their working capital keeping crews on the road for days or even weeks at a time. Then, after they return home, they start the long wait for payment of their services.

That wait usually takes anywhere from 90 to 120 days in most cases. But with their working capital exhausted, how do they pay staff, maintain equipment or pay off subcontractors in the meantime? The answer is they don’t. Not without help.

Triumph Business Capital offers invoice factoring that may provide that help. But are they the real deal? Let’s find out.

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What is Triumph Business Capital and What do They Offer?

Triumph Business Capital has been around for 15 years. They started out as an invoice factoring company and that’s still their bread and butter. In recent years, however, they have diversified into other products such as insurance, fuel cards, and asset-based lending.

They primarily deal with small and mid-sized businesses such as trucking companies, oil, and gas companies as well as storm restoration companies (or any company that meets their requirements).

While they market their secondary products pretty heavily, the one relevant to you and your storm restoration company cash flow issues is factoring. That’s because gas cards aren’t going to satisfy the subcontractor and insurance isn’t going to keep the lights on in the shop or pay for vital maintenance of your equipment.


Triumph Business Capital Qualification Requirements

For whatever reason, Triumph Business Capital has one of the more difficult and time-consuming qualification and application processes. To qualify for their invoice factoring service, you need:

  • A personal credit score of at least 500
  • Annual revenue of at least $100,000
  • To be in business continuously for a minimum of 1 year
  • To be a strictly B2B company, not B2C
  • Have qualifying invoices that are free of liens

You won’t qualify for Triumph invoice factoring if you:

  • Operate out of your house
  • Operate something other than a B2B business
  • Are in the medical, firearms, adult entertainment, marijuana or construction industry
  • Have an outstanding tax lien

Triumph Business Capital requires you to fill out a questionnaire before they'll talk to you about factoring your invoices. You'll need to provide your name, email address, business phone number, company name, the state you operate in, your monthly revenue, and the type of financial assistance you're after. Don't forget to specify what time you would like them to contact you as well.

Once you've submitted the questionnaire, someone will call you at the time you specified (more or less). At this point, they'll ask more detailed questions and may request that you supply more detailed information.


Triumph Business Capital Rates and Fees

One of the first things you’ll notice about the Triumph Business Capital website is that their rates and fees are nowhere to be found. While they’re not the only advance funding company to be cagey with their fees, it’s not something you want to see so the company gets low marks for transparency.

That said, if you’re willing to conduct a fair amount of internet research, you’ll discover their terms include:

  • A maximum funding amount of $20 million annually
  • Funding up to 90% of the value of your invoice
  • A personal guarantee from you, hence a personal credit check
  • A 5--7 day wait to gain approval
  • Recourse and non-recourse factoring

That last point is particularly important because if they decide to only offer you recourse factoring, then you’ll be forced to buy back any non-performing invoices. This isn’t only counterproductive but entails substantial penalties and fees.

“Change before you’re forced to.” – Jack Welch, Former CEO General Electric

How Does Triumph Business Capital Work?

Fundbox advertises its services as a way to help smooth out cash flow problems. However, storm restoration companies may find that this type of advance funding winds up doing more harm than good. But more on that in a minute.

The Fundbox process isn’t complicated and is available to large and small companies as well as freelancers. The process of obtaining Fundbox funding is entirely automated and involves the following steps:

  • First, go to their website and create an account by entering your email address, bank account info, and other required data before choosing a password.
  • Second, connect your qualifying accounting software to Fundbox and upload the unpaid invoices you would like them to consider financing.
  • Pick one of those invoices that you would like them to clear first.
  • Once verified, Fundbox transfers the amount of the invoice directly into your bank account during the next business day.
  • After 1 week, you start the weekly payments which will be deducted from your account.

Keep in mind that while Fundbox says they don’t perform a credit check, they nonetheless perform background checks on both you and your business. The results of that will affect whether they do business with you. And if they do, it also influences how much interest you’re charged.


Triumph Business Capital Pros and Cons

The advantages and disadvantages of Triumph Business Capital tend to be the advantages and disadvantages of virtually every invoice factoring company. The thing that adds an additional unwelcome crimp in the process is that, unlike most factoring companies, they’re going to run a credit check on you. That said, the pros and cons of Triumph Business Capital are:


  • Companies often (not always) get their funding quickly
  • Their application process is easier than a bank’s
  • They offer non-recourse factoring to some customers
  • Ultimately, it’s more affordable than a line of credit


  • Their default offering is recourse factoring
  • Customer service is definitely not one of their strong suits
  • It can take as long as 5 days (sometimes longer) to receive funding
  • They conduct a credit check which could negatively impact your credit score
  • The utility is going to find out you sold the invoice to them
  • Your company reputation could suffer as a result

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Triumph Business Capital Review

A review of Triumph Business Capital reveals that their invoice factoring may not be a good solution. While it’s easier to obtain funding of your invoices this way than it is to secure a bank loan, the price may ultimately be too high.

Triumph Business Capital vs Payost Comparison

Triumph Business Capital is one of the few factoring companies we’re aware of that will conduct a personal credit check on applicants. They’re also one of the few that use recourse factoring as a default setting. This can be a real issue for already cash-strapped companies. Payost on the other hand does things differently by:

  • Never conducting a credit check
  • Getting you your money in hours—not days or weeks
  • Not informing the utility you required funding
  • Having a much simpler application process
  • Paying your invoices instead of floating you a loan

If you have outstanding invoices with a utility or if you’re any type of business that has unpaid invoices being held by triple A credit rated companies, Payost can pay those invoices. No strings attached and no damage to your credit score or your company’s reputation.

Bottom Line: Should you try Payost?

If you have outstanding invoices with a utility or other AAA credit rated company, stop selling them to factoring companies for less than they’re worth. Choose Payost invoice financing instead and receive the best value every time. We’re the common sense alternative to:

  • Invoice factoring
  • Lines of credit
  • Merchant cash advances
  • Bank loans
  • SBA loans and more

Get in touch with Payost today and get paid for the work you’ve done!

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