Founded at Santa Teresa, New Mexico in 1993, Interstate Capital is a financial factoring company which buys invoices from companies from Canada and the USA. It mainly focuses on medium and small-sized businesses, and serves those operating in industries such as trucking, freight brokerage, staff factoring, service business, technology, manufacturing, printing company, consultants factoring, home décor & furniture, automotive supply, maintenance service, pallet companies, distributors factoring, security guard company, oilfield services, janitorial factoring, and government contractors factoring.
In 2018, Interstate Capital became a part of Triumph Business Capital, which is also the parent company of Triumph Bancorp, Inc. Funds approved and extended from Interstate Capital can be used for paying staff, hiring more workers, purchasing new equipment, product lines, making early payments, and covering other bills. The interest rate on their loans starts from 0.47%, and they do not charge application fees when you avail factoring services from them. Personal guarantees and collateral are not mandatory for taking out a loan.
As of April 2019, Trustpilot ranks Interstate Capital 282nd out of 345 non-bank finance it has listed on its website. The TrustScore of the company is 7.4 out of 10. BBB rates it an A+.