Many service industries have a distinct staffing element to them. After you provide your service and invoice your customer, you typically wait 30, 60, 90 days to get paid. Meanwhile you have a recurrent payroll to meet, suppliers to pay, tax payments and overhead expenses.
Many businesses, particularly staffing businesses, face the challenge of finding the capital to improve or increase the cash flow of the business, especially when in a growth cycle. Our payroll funding solutions can be as simple as selective invoice factoring or as involved as full back office services.
Truckers are the backbone of the American economy. They deliver billions of dollars’ worth of freight every year across the United States. Unfortunately, freight distribution companies have stretched payment terms to 30, 60, and 90 days, leaving trucking companies with a huge cash flow problem when it comes to fuel, repairs, and payroll.
You just received notification from a government entity that you’re the winning bidder on a contract and you begin to wonder how you will finance it. Whether you are providing a service, parts, or supplies you begin to question whether suppliers will give you the terms you need until you can get paid.
Suppliers constantly face the dilemma of paying their sources before they are paid by their customers. Many times lucrative opportunities are passed up simply because cash flow is squeezed.
These are challenging times for the manufacturing and supply sector. Opportunities are becoming more competitive and margins are shrinking. Your customers are taking longer to pay their invoices. We can help you improve your cash flow by providing advances of cash against the value of your outstanding invoices.