Get connected and obtain funding for your cable installation and sales business
From high speed internet broadband to cable television, VOIP phone lines, satellite TV, and live video streaming services, the telecommunications industry plays a larger role in our lives than ever before. Reliable Wi-Fi service is accessible from nearly everywhere, and people are connected almost constantly to their internet-enabled phones.
Major telecommunications corporations rely on little telecommunications goods and service providers to perform a number of smaller yet vitally important jobs for them. These providers include:
- Cable installers
- Sales companies
- Equipment and fiber optics manufacturers
- Wireless and satellite communication equipment manufacturers
- Software and hardware engineer consulting firms
- Technical and customer service support staffing firms
- Technician and maintenance companies
- Underground cable line diggers and installers
High demand comes with the price of slow receivables
For these small businesses, the good news is that business is aplenty. Every day, consumers are demanding capabilities from their networks. They want to download movies, TV shows and video in a shorter period of time. They want greater access, less waiting, fewer interruptions and more streaming. With demand peaking, small businesses in telecom have colossal opportunity for growth and expansion.
Dial-up collection speeds in a broadband-paced world? Cable factoring solves this problem
The downside of being a small player in this rapid growth industry is lack of working capital. As those in telecom know, having customers is not the same as having solid cash flow. Despite their dedication to producing ever speedier telecom services, telecom has a reputation for paying its small business vendors at a dial-up pace. Much like partnering with the government, partnering with large telecom firms can be lucrative but the small businesses that serve them must take the steps necessary to maintain their own financial strength.
One option available to cable installers, cable technicians and others is through invoice cable factoring or cable factoring accounts receivables. The cable installation company sells its creditworthy invoice to the factoring company for slightly less than the value of the invoice. The factor then pays the installation company the difference in a matter of days, not weeks.
With this installation of capital, the small business can then improve its cash flow. In this way, it will have enough money on hand to cover both operations expenses – overhead, cost of materials, payroll, etc. – and costs of acquiring new business. Factoring could be an excellent option for those who provide goods or services to large telecom corps because they most likely have good or excellent credit scores. These are the ideal clients for business factoring companies.
Robust cash flow is worth the cost of factoring receivables
For cable installers, technicians and the like, obtaining new business can be a challenging highly competitive endeavor. Having sufficient working capital available to the business can mean the difference between business expansion and business contraction. Moreover, the cost of factoring business receivables, which can vary from 8% to 20%, is considered by many in the industry just a cost of doing business in telecom.
Learn More About Cable Factoring Companies:
- A Complete Guide to Factoring
- Laying Down Telecom Funding for Fiber Optics Cable Installation
- Invoice Factoring: A Viable Option to Bank Loans
Search Our List to Find Cable Factoring Companies Near You:
1202 Monte Vista Ave #20, Upland, CA, 91786
ALLEGIANT BUSINESS FINANCE
600 university st.ste#2328 seattle, WA(Washington), Seattle, Washington, 98101
American Prudential Capital, Inc.
16303 State Highway 249, Houston, TX 77064, USA
American Receivable Corporation
12655 N Central Expressway, STE 675 Dallas, Texas 75243
1912 Tiffany Lane, Dalton, Georgia, 30720
191 University Blvd. #272, Denver, Colorado, 80206
Business Factors & Finance, Inc.
220 Ave I , Redondo Beach, California, 90277
Carolina Piedmont Capital, Inc.
5540 Centerview Drive, Ste 200, Raleigh, NC, 27606
eCapital Freight Factoring
10100 W. Charleston Blvd Suite 220, Las Vegas, Nevada, 89135
5323 Millenia Lakes Blvd #355, Orlando, Florida, 32839
Firmco Business Funding
4700 South State Street, Salt Lake City, Utah, 84107
250 Yonge St #2201, Toronto, ON,
Partners Funding Inc.
923 North State Street, Suite 120, Fairmont, MN, 56031
Porter Capital Corporation
2112 First Avenue North, Birmingham, Alabama, 35203
Quasar Capital Partners LLC
9330 LBJ Frwy. Suite 943B, Dallas, Texas, 75243
1000 Mansell Exchange Building 300, Suite #340 Alpharetta, GA 30022
10320 Little Patuxent Pkwy Suite 200 Columbia, MD 21244
1925 18th Avenue NE Suite #115 Calgary, AB T2E 7T8
8307 University Executive Park Drive, Suite #250 Charlotte, NC 28262
17 W 415 Roosevelt Rd. Oakbrook Terrace, IL 60181
1333 Corporate Dr. Suite 117 Irving,TX 75063
8400 E. Prentice Ave. Suite 1500 Greenwood Village, CO 80111
11601 Pellicano Dr., Ste. B-5 El Paso, TX 79936
50 Harrison St. Suite #310-G Hoboken, NJ 07030
8410 N. Sam Houston Pkwy W Houston, TX 77064
3635 Quakerbridge Road Suite #4 Mercerville, NJ 08619
5870 SW 8th Street Suite # 6 Miami, FL 33144
3470 Washington Drive Suite #206 Eagan, MN 55122
3102 West End Ave. Suite 400 Nashville, TN 37203
4334 Northwest Expressway Suite 242 Oklahoma City, OK 73116
1 International Plaza Suite 550 Philadelphia, PA 19113
1029 H St. Suite 102 Sacramento, CA 95814
2025 Gateway Place Suite #370 San Jose, CA 95110
10430-1 Pioneer Blvd. Santa Fe Springs, CA 90670
1100 Dexter Avenue N. Suite #100 Seattle, WA 98109
2605 Enterprise Road East Suite #250 Clearwater, FL 33759
5780 Timberlea Blvd. Suite #103 Mississauga, ON L4W4W8
310 Airport Road Suite #500 Williston, ND 58801
1100 Dexter Avenue N. Suite #100 Seattle, WA 98109
Robinson Factors, Incorporation
244 Fifth Avenue · Suite W226 , New York, New York , 10001