Service Provider Factoring Companies | FactoringDirectory.com

Get new business opportunities with service provider factoring

Business service companies can sometimes have a more difficult time than say manufacturers or other industrial firms in obtaining funding. This is because service rather than production firms tend to have fewer assets, resources, and pieces of equipment and machinery that can be used as physical collateral. They also lack inventory or stock that can be turned if needed. Fortunately, these business services do have one form of collateral that can be used to obtain capital for their business. While not physical collateral, receivables or current invoices are actually worth what they say they are worth and can serve as a type of collateral. More than an IOU or a piece of paper, the dollar amount of the invoice can be as good as cash in hand with the help of service provider factoring.

Catapult your company with factoring for service providers

Let’s explain: Factoring for service providers allows service companies to obtain cash for their invoices. The factor purchases the valid invoices for a discount and pays the business service company cash in a few days. The factor then collects the actual invoice payment from the client within the normal timeframe. This can be used on a monthly basis to increase and strengthen business cash flow or be used as needed.

Many businesses can take advantage of service provider factoring companies. They include:

Accounting, back-office business and bookkeeping firms
Janitorial, housekeeping and maintenance type services
Advertising, communications, marketing and public relations firms
Software and technology consulting firms
Management & business consulting
Staffing, personnel, employment and recruiting firms
Transportation and delivery services
Insurance firms
Website building and design services
Language translation services
Legal/law services
Security guard & safety services
Medical transcription

Financing for service provider companies in the form of factoring receivables can be obtained by most any firm that has valid invoices issued to companies with good credit. Even if banks have denied the loan application due to poor credit, lack of solid business history, lack of profitability or other reasons they can still qualify for service providers factoring solutions.

Businesses can use factoring for service providers for just about any purpose. Whether it is taking on new orders, covering payroll costs, investing in advertising or promotions, paying overhead, opening new offices or expanding into new markets, money from factoring can be used for just about anything.

Factoring for service providers allows them to get the working capital they need to run their business at optimal levels. Rather than wondering when payment will come in, with factoring for service providers, most businesses can strategically plan ahead because they can rely on regular payments from the factor.

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Business Factors & Finance, Inc.

220 Ave I , Redondo Beach, California, 90277

888-852-4982

Service Providers

Get new business opportunities with service provider factoring

Catapult your company with factoring for service providers

Learn More About Service Provider Factoring Companies:

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