Factoring for Security Companies
Access to a cost-effective and reliable source of funds is essential for a company’s success and growth in any competitive, high-stakes industry. Factor Funding Co. knows that security companies depend upon a steady cash flow from invoices in an industry in which services performed do not translate into immediate payment. A readily available source of funds could hamper the ability of your security business to pay for the personnel and equipment to fulfill current client demands.
Demands on a Business’s
Small- to medium-sized plumbing contractors do not have the luxury of the cash reserves of large plumbing companies nor do they have the opportunity to have multiple jobs going on at one time. A plumbing contractor must supply the labor and materials to complete each project. The cash outlays required for this can make it impossible for a plumbing company to bid on new construction jobs until payment is received from slow-to-pay completed projects.
The Plumbing Company
A company competing for business in the security industry must be prepared to add personnel and equipment as needed to fulfill the demands of an order for a new or existing client. Usually, services are performed and then invoiced for payment, but payment may not arrive for 30 to 90 days after the services are rendered. The delay in payment can strain a company’s cash flow and make it impossible to meet financial obligations including:
- Employee payroll
- Operating expenses
- Additional and upgraded equipment
- Travel expenses to expand business
- Taking advantage of growth opportunities
Factor Funding Company has worked with companies nationwide to design solutions to their cash flow challenges. Invoice factoring for security companies convert uncollected accounts receivables into the working capital needed to meet current demands and achieve long-term growth.
Small or start-up companies frequently have difficulty obtaining financing through traditional sources such as bank loans or lines of credit. Even larger, more established security companies can have problems securing financing because of an owner’s poor credit history or not having sufficient assets to satisfy demands for collateral.
Factoring for security companies from Factor Funding Co. resolves the financing challenges of a security company quickly and easily. The advantages of invoice factoring include:
- A fast, streamlined application process
- Availability of factoring experts to explain and guide you through the process
- No loan payment to add to your company’s accounts payables
- A quick decision that can put the money to for you within 48 hours
- No restrictions on how you use the money
Invoice factoring gives you up to 95 percent of the face value of your unpaid invoices. We base our decisions on an evaluation of your company’s outstanding invoices. If approved, there is no monthly payment because we collect the outstanding invoice from your customer.
GET IN TOUCH WITH FACTOR FUNDING
What better way to get the peace of mind you need for you and your family than from an expert with decades of experience helping countless others in exactly the same way?
Reach out for assistance to ensure that your feeling of being in a rut over awaiting settlement doesn’t last long. We get plaintiffs the cash they need.
Waiting around won’t help you pay your expenses. We look forward to chatting about your financial needs and how we might be able to partner up to assist in achieving your goals. Here’s to your success!