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In this tutorial, Ian from Eagle Business Credit discusses the ease of transitioning between factoring companies. He emphasizes the importance of reviewing the existing contract to identify any minimum volume requirements or early termination penalties. If you have time left on a contract, it's crucial to assess the costs involved in exiting. Ian offers assistance in evaluating contracts at no charge, providing clarity on potential exit options. He also acknowledges concerns about maintaining funding continuity during a switch, highlighting the importance of working with a reputable factor, such as a member of the International Factoring Association.
