MCA Shield · Invoice factoring company research
New Century Financial Reviews, BBB Rating, Factoring Rates & Requirements
Review New Century Financial’s BBB rating, customer feedback, daily factoring rates and eligibility requirements. Compare its published terms with eCapital and Riviera Finance, and identify the contract questions to resolve before funding.
Represent this company? Update your profile →
The inquiry goes to MCA Shield, not New Century Financial. Approval, rates and a match with a particular provider are not guaranteed.
Is New Century Financial a potential fit?
Worth comparing: businesses with completed B2B work and creditworthy customers that want selective invoice funding, including startups and owners with imperfect credit.
Check first: the daily-fee calculation, invoice eligibility, existing liens, nonpayment liability and customer-payment process.
MCA Shield’s editorial assessment of the published terms.
New Century Financial reviews: customer feedback and ratings
The matched Trustpilot profile displayed 4.9 out of 5 from 155 reviews on October 20, 2026. It links to newcenturyfinancial.com and matches the Texas company’s contact details.
Visible feedback praises service, communication and funding assistance, including help bridging payroll while customers pay invoices. The profile includes older invited reviews and newer unprompted reviews. Only two reviews were displayed from the preceding 12 months, so the overall score mostly reflects older experiences.
The profile is claimed and shows a paid Trustpilot subscription. That disclosure is relevant context, not evidence that individual reviews are false. Read dates, review labels and the underlying experiences. The reviewed sample does not justify inventing a recurring complaint theme or predicting every applicant’s outcome.
BBB customer reviews are a separate measure: the supplied research recorded zero. No independently verified Google star rating is assigned here.
Sources: Trustpilot reviews ↗ · BBB customer reviews ↗.
New Century Financial BBB rating, accreditation and complaints
| Item | Finding |
|---|---|
| Business grade | A+ |
| Accreditation | Accredited since July 31, 2008 |
| Complaints | 0 displayed on the complaints page checked October 20, 2026 |
| BBB customer reviews | 0 in the supplied October 15, 2026 research |
A BBB letter grade is different from customer-review stars. Accreditation and a favorable grade do not guarantee approval, pricing or a successful funding relationship. Zero displayed BBB complaints also does not establish that no customer has ever had a concern elsewhere.
Sources: BBB business profile ↗ · BBB complaints ↗ · BBB customer reviews ↗.
Is New Century Financial legit or a legitimate factoring company?
The matched official website, BBB business record and consistent Texas contact details support New Century Financial’s identity as an established commercial factoring business.
BBB records a July 1, 1985 business start and February 24, 1995 incorporation. It identifies Jimmy Enriquez as CEO and Nel Somarriba as president. These records establish a business identity; they do not evaluate your proposed contract.
Make sure you are researching the right company
This profile concerns the Texas invoice factoring company at newcenturyfinancial.com. Do not attribute search results about the similarly named former mortgage lender New Century Financial Corporation, or a separate debt collector, to this company without matching the legal entity, address and transaction.
Confirm the exact contracting entity and payment instructions through the official contact channel. Factoring purchases commercial invoices; it is not a service to negotiate an existing merchant cash advance balance.
Sources: BBB business profile ↗ · New Century Financial official website ↗ · Official contact details ↗.
New Century Financial factoring rates, fees and advance amounts
The homepage advertises 0.05% per diem—per day. Treat this as an advertised pricing reference, not a guaranteed quote or an annual percentage rate.
| Item | Company disclosure | What to confirm |
|---|---|---|
| Daily rate | 0.05% per day advertised | Your approved rate, calculation base, minimum fee and when billing begins and stops. |
| Advance | FAQ says up to 95%; manufacturing materials say up to 90%. | Your industry and customer-specific advance, reserve and deductions. |
| Ancillary fees | The comparison page lists no application, due diligence, administration or monthly service fees. | The complete executed fee schedule, including any expenses not addressed by that page. |
| Transfers and processing | The page lists no ACH, credit-check, check-processing or new-customer fees. | Wire charges, third-party expenses or special handling, if applicable. |
| Other listed fees | No field audit, lien termination, early reserve release, prepayment or termination fee advertised. | How settlement, notice and lien release work in practice. |
| Volume | No minimum factoring volume advertised. | Whether any offer-specific commitment applies to your facility. |
What would 0.05% per day cost?
Illustration only: assume a $100,000 invoice, a simple daily fee calculated on its full face value, and no additional charges. The fee would be $50 per day. The company must confirm whether your actual fee applies to face value, the amount advanced or another balance.
| Days charged | Fee | Fee as percentage of base |
|---|---|---|
| 15 | $750 | 0.75% |
| 30 | $1,500 | 1.50% |
| 45 | $2,250 | 2.25% |
| 60 | $3,000 | 3.00% |
| 90 | $4,500 | 4.50% |
For example, a 90% advance would initially provide $90,000 before any upfront deductions. If the $1,500 illustrative fee were taken from a $10,000 reserve after collection, the final reserve payment would be $8,500. This example does not establish New Century Financial’s actual deduction timing or fee basis.
Ask for side-by-side 30-, 60- and 90-day settlement examples. A low daily number is useful only when you know the full cost, cash initially deposited and remaining liability.
Sources: New Century Financial official website ↗ · New Century Financial FAQ ↗ · Published fees and flexibility ↗ · Manufacturing factoring terms ↗.
New Century Financial requirements and minimum funding
The public requirements emphasize invoice quality and customer credit. Startup status or a low personal credit score does not automatically exclude an applicant.
| Topic | Published information and its limits |
|---|---|
| Facility size | The FAQ describes facilities from $25,000 to more than $10 million. Homepage/comparison marketing refers to up to $10 million. Confirm capacity for your request. |
| Minimum invoice size | $25,000 is a facility figure, not a verified minimum amount for each invoice. |
| Credit score | No minimum FICO is advertised. The FAQ says a low score alone need not prevent funding; this does not eliminate underwriting. |
| Startups | The FAQ says new businesses can be considered. Eligible receivables and acceptable customers still matter. |
| Customer and work | The manufacturing program describes B2B invoices for completed goods or services, with customer credit and verification central to approval. |
| Selective funding | Partial invoice funding is advertised, and the manufacturing page allows selection of invoices rather than requiring all receivables. |
| Monthly volume | No minimum volume is advertised. Do not convert descriptive client revenue ranges into eligibility thresholds. |
| Unpublished thresholds | A universal minimum revenue, maximum invoice age, customer concentration limit or required time in business was not established. |
For a useful initial screen, provide your industry, requested facility, customer names, invoice amounts, payment terms and current liens. A facility approval does not necessarily approve every customer or every invoice.
Sources: New Century Financial FAQ ↗ · Published fees and flexibility ↗ · Manufacturing factoring terms ↗.
Documents needed to apply
The FAQ identifies three starting documents for a formal proposal:
- A current accounts receivable aging report.
- Your most recent tax return.
- A sample invoice with supporting documentation.
Ask which tax return is appropriate for your entity and what documentation a startup should supply if it has not filed one. Invoice backup may need to demonstrate delivery, customer acceptance or approved work; request the industry-specific checklist rather than assuming one example fits all applicants.
These are starting materials, not an exhaustive underwriting list. Explain existing financing, disputed invoices and unusual customer payment arrangements at the outset.
Sources: New Century Financial FAQ ↗.
Approval, funding speed and customer payment process
- Initial application: New Century Financial advertises a two-minute application and instant preapproval. These do not mean final approval or a completed deposit.
- Formal proposal: the FAQ describes a proposal in less than 24 hours after preapproval and receipt of the requested documents.
- Verification and agreement: confirm approved customers, invoices, fees, security filings and payment directions.
- Advance: the site advertises funding within 24 hours. Ask whether that means after account setup and invoice verification, and which banking cutoffs apply.
- Collection and reserve: the manufacturing page describes customers paying New Century Financial, followed by payment of the remaining balance less fees.
Do not schedule a payroll run solely around an application-time claim. Ask for a first-funding timeline that separately covers document review, customer verification, lien resolution and bank transfer. Also ask who contacts customers and how payment disputes are handled.
Sources: New Century Financial official website ↗ · New Century Financial FAQ ↗ · Manufacturing factoring terms ↗.
Recourse, UCC liens, guarantees and cancellation
Is New Century Financial non-recourse?
A universal non-recourse commitment was not established in the reviewed materials. Request the agreement’s provisions for insolvency, late payment, disputed work, offsets, fraud and repurchase obligations. “No personal guarantee” and “non-recourse” answer different questions.
Collateral and personal guarantees
The manufacturing page describes a UCC-1 filing on business assets while advertising no additional collateral or personal guarantee for that program. A UCC filing is still a security interest disclosure. Confirm the collateral description and whether any guarantee or performance undertaking applies to your particular agreement.
Can you factor with an existing MCA or lender?
No blanket acceptance policy for existing MCA liens was verified. Provide current lender agreements and lien details. Ask whether payoff, subordination or an intercreditor arrangement is necessary and who handles it. Do not assume that marketing about avoiding new debt removes an existing lender’s rights.
No long-term contract does not answer every exit question
The company advertises no long-term contract, minimum volume or termination fee. Request written cancellation notice requirements, settlement procedures, reserve-release timing and the process for releasing liens after obligations are satisfied. Keeping the account open and closing it with unpaid purchased invoices may involve different steps.
Sources: Published fees and flexibility ↗ · Manufacturing factoring terms ↗.
Industries, geography and account access
New Century Financial markets factoring to manufacturers, distributors, staffing firms, oil and gas businesses, information technology companies, energy, transportation, telecommunications and other service businesses. Its public materials describe nationwide U.S. service.
For staffing, ask about approved timesheets and payroll funding cutoffs. For manufacturing and distribution, ask about delivery acceptance, returns and deductions. For oilfield services, ask what work tickets or customer approvals are needed. These are practical due-diligence questions, not additional published universal requirements.
The website offers an eFactor client login. The reviewed evidence does not establish a particular QuickBooks integration, mobile application or automated accounting feature. Request a demonstration of invoice submission, reserve reporting and customer-credit checks before relying on a software workflow.
Canadian businesses, foreign debtors, government receivables and specialized invoice types should obtain written eligibility confirmation; nationwide U.S. marketing alone does not answer those questions.
Sources: New Century Financial official website ↗ · Manufacturing factoring terms ↗.
New Century Financial vs. eCapital vs. Riviera Finance
Compare the same invoices, payment dates and requested funding amount. A useful comparison separates price, cash received, credit protection and the work required to administer the account.
| Decision point | New Century Financial | eCapital | Riviera Finance |
|---|---|---|---|
| Published emphasis | Selective funding; daily-rate advertising; no minimum volume. | Invoice factoring alongside a broader financing product menu. | Non-recourse factoring with credit protection on approved purchased invoices. |
| Rate comparison | 0.05% per day advertised; confirm your actual base and conditions. | Obtain an account-specific quote. | Predetermined quoted percentage; obtain the schedule. |
| Advance comparison | FAQ up to 95%; manufacturing up to 90%. | Agreement determines the advance; product FAQ says up to 100% in some cases. | Up to 95%, depending on industry. |
| First funding | Preapproval, proposal and funding are separate milestones. | Verification and approval precede funding. | FAQ estimates 4–7 working days initially; preliminary terms often 24–48 hours. |
| Nonpayment protection | Universal non-recourse coverage not established. | Confirm the exact program and nonpayment provisions. | Ask for the approved credit limit, covered events and exclusions. |
| Geographic fit | Nationwide U.S. service advertised; confirm foreign eligibility. | Confirm jurisdiction and contracting entity for your program. | FAQ covers all 50 states and Canada. |
| Best comparison question | What does the advertised flexibility mean in my signed agreement? | Which product am I being quoted and what obligations follow? | Which customer losses remain my responsibility? |
New Century Financial vs. eCapital
eCapital’s invoice factoring page describes customer-credit review, invoice verification and direct customer payment to the factor. It also promotes digital access to funds. Its broader product menu includes asset-based lending, inventory finance and payroll funding; those are distinct products, not automatic features of an invoice factoring quote.
Editorial fit assessment: New Century Financial is worth comparing when selective funding and its published fee exclusions match your needs. eCapital merits consideration when you want to discuss additional financing structures alongside factoring. Ask both to price the identical receivables rather than comparing New Century Financial’s daily rate against an unrelated credit-line or freight offer.
For a concentrated customer book, request the customer credit limit, concentration cap and consequences of delayed payment. For irregular funding, compare unused-line charges, minimum purchases, renewal and notice terms. Public product breadth alone cannot establish which provider is cheaper.
Sources: eCapital invoice factoring ↗.
New Century Financial vs. Riviera Finance
Riviera explicitly describes a credit guarantee for approved purchased invoices under its non-recourse service. It also offers collections administration, FastCredit customer checks and ROAM account access. New Century Financial’s public flexibility claims do not establish equivalent credit protection.
Riviera’s FAQ describes clients from startups to $2 million in monthly sales. That is a client-size description, not a published maximum facility. Its initial setup estimate should be distinguished from its separate within-24-hours funding claim after setup and invoice acceptance.
Editorial fit assessment: compare Riviera closely when customer credit failure is a central concern. Ask both companies to explain a customer bankruptcy and a customer dispute as separate examples. Confirm whether credit approval remains effective after an invoice is purchased and what happens when a debtor exceeds its limit.
For a business that only factors occasionally, ask Riviera to document its minimums and exit terms, then compare those with New Century Financial’s advertised no-minimum-volume approach. Never infer that a competitor charges a fee simply because New Century Financial’s own comparison table says a “typical competitor” does.
Sources: Riviera non-recourse factoring ↗ · Riviera eligibility and timing ↗.
Request an apples-to-apples written comparison
- Use the same invoice amount, debtor and expected payment date.
- Ask for the initial deposit, all deductions and expected final reserve payment.
- Request total costs at 30, 60 and 90 days, including minimum and transfer charges.
- Compare credit losses, commercial disputes, guarantees and repurchase clauses separately.
- Confirm customer notification, collections responsibility, cancellation and lien release.
Read the eCapital profile → · Read the Riviera Finance profile →
Sources: New Century Financial official website ↗ · Published fees and flexibility ↗ · New Century Financial FAQ ↗.
Questions to ask New Century Financial before applying
Use these questions to obtain an offer specific to your customers and invoices:
- Does the 0.05% daily rate apply to us, what balance is used, and when does the charge stop? Please show 30-, 60- and 90-day costs.
- What advance and facility will you approve, and can we select invoices without a monthly minimum?
- Which nonpayment events trigger repayment or repurchase, and what guarantees or security filings apply?
- What documents, customer verification and lien arrangements are needed before the first deposit?
- What notice, settlement, reserve release and lien release steps apply when we stop factoring?
Request the complete agreement and fee schedule with the answers. Contact New Century Financial directly ↗
New Century Financial company background and contact
New Century Financial is based in The Woodlands, Texas. Its website and BBB listing identify the same office at 1725 Hughes Landing Boulevard, Suite 965, The Woodlands, TX 77380. The business history dates to 1985.
Official main phone: 800-805-8380
Email: info@newcenturyfinancial.com
Published hours: Monday–Friday, 8 a.m.–6 p.m. Central, except holidays.
Mailing address: P.O. Box 8968, Spring, TX 77387.
The company’s website publishes licensing information, but this profile does not independently certify current licensing in every jurisdiction or offer a comprehensive litigation search. Confirm any license relevant to the entity and product in your agreement.
Sources: Official contact details ↗ · BBB business profile ↗ · New Century Financial official website ↗.
New Century Financial reviews, rates and requirements FAQs
What is New Century Financial’s BBB rating?
The matched BBB profile shows A+ and accreditation. See the dated BBB findings.
What do New Century Financial reviews say?
Visible Trustpilot reviews praise service and funding assistance. Review dates matter because most of the sample is older. Read the review analysis.
Is New Century Financial legitimate?
Matched business records support an established Texas factoring business. Verify the exact entity when reading results about similarly named companies.
What are New Century Financial’s rates?
The homepage advertises 0.05% per day. Your quoted rate, fee basis, advance and payment timing determine the actual cost. See the illustration.
Does New Century Financial work with startups or bad credit?
Its FAQ considers startups and says a low credit score alone need not cause a decline. Customer and invoice approval still apply.
Is $25,000 the minimum invoice size?
No verified individual-invoice minimum was established. The FAQ’s $25,000 figure describes the starting facility size.
Do I have to factor every invoice?
Selective and partial invoice funding are advertised. Confirm the selection rights and any debtor-specific conditions in your agreement.
Is New Century Financial non-recourse?
A universal non-recourse promise was not established. Ask for the nonpayment, insolvency and repurchase clauses.
How fast can I get funded?
Application, preapproval, formal proposal and actual deposit are different steps. Ask for a timeline after document review, customer verification and any lien resolution.
Which is better: New Century Financial, eCapital or Riviera Finance?
The answer depends on your costs, customers, risk allocation and funding workflow. Use the expanded comparison to request comparable offers.
Research method, sources and editorial limits
Prepared for MCA Shield using the supplied October 15, 2026 research and public source checks on October 20, 2026. Company statements are attributed as published claims, not independently tested funding outcomes. BBB and Trustpilot measures are kept separate.
This is desk research, not a firsthand funding experience or a review of your negotiated agreement. Unpublished eligibility, final costs, recourse provisions, geographic exceptions and complete legal history remain unverified. Ratings and terms can change.
By Shane Fitzgibbon. Submit a factual correction with supporting evidence; corrections do not require payment.
Source directory
- New Century Financial official website ↗
- New Century Financial FAQ ↗
- Published fees and flexibility ↗
- Manufacturing factoring terms ↗
- Official contact details ↗
- BBB business profile ↗
- BBB complaints ↗
- BBB customer reviews ↗
- Trustpilot reviews ↗
- eCapital invoice factoring ↗
- Riviera non-recourse factoring ↗
- Riviera eligibility and timing ↗
Compare factoring options or contact New Century Financial
Compare options through MCA Shield
This inquiry goes to MCA Shield, not New Century Financial. Describe your invoices, customer payment terms and funding needs.
To contact the company directly, call 800-805-8380 or visit its official contact page ↗.
For owners, employees and authorized representatives
Represent New Century Financial?
Request free factual corrections or submit updated product, eligibility, pricing, contract and contact information. Please include this profile’s URL and supporting official documents or links.
Representatives can also inquire about sponsored directory placement. Advertising is separate from editorial corrections and does not guarantee traffic, rankings or leads.