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. Cash flow can quickly become an issue and inhibit your growth. By factoring your receivables, you gain access to working capital that will allow you to take on new and larger contracts to keep your growth plans in focus. We will assist you with the decision of the advantages of factoring some of your invoices or all of them, choosing which customers’ accounts should be factored which includes a credit evaluation of each and how to work with your customers in the set up process. Once your application is processed, the set up takes less than a week before funding occurs. Some of the industries we are able to assist include but are not limited to:
- Architects
- Engineers
- Consultants
- Information Technology (IT)
- Medical Home Health
- Nursing
- Administrative
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- Security
- Landscapers
- Janitorial
- Pest Control
- Printing
- Most Businesses with Commercial or Government Invoices
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