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.
Learn More About Service Provider Factoring Companies:
- 6 Tips To Select a Factoring Company
- A Complete Guide to Factoring
- Is Invoice Factoring a Good Option for Your Business?
Search Our List to Find Service Provider Factoring Companies Near You:
Riviera Finance
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
800-872-7484
Nationwide Transport Finance
2650 Lake Sahara Drive – Suite 200, Las Vegas, Nevada, 89117
(800) 624-3353
Factoring Solutions
Suite 304, 320 - 12th Ave NE Calgary, AB, Canada T2E 1A4
5462 South Perimeter Drive Kelowna, BC, Canada V1W 5C6
403-452-6227
Accord Financial Group
3500 Boul De Maisonneuve O Suite 1510 Montreal, QC H3Z 3C1, Canada
800-231-2977
Graystone Capital (now SVBusiness Capital)
900 E Hamilton Ave #100,, Campbell, CA, 95008
(888) 370-7779
Stonebridge Financial Services
330 Franklin Rd, Suite 135A-592, Brentwood, Tennessee, 37027
(615) 661-8245
Robinson Factors, Incorporation
244 Fifth Avenue · Suite W226 , New York, New York , 10001
(212) 498-9756
American Receivable Corporation
12655 N Central Expressway, STE 675 Dallas, Texas 75243
(800) 297-6652
Liquid Capital
5734 Yonge St. Suite 400 North York, ON M2M 4E7
5525 N MacArthur Blvd Ste 625 Irving, TX 55038
1-844-228-0800
Liquid Capital of South Texas
11703 Huebner Rd, San Antonio, TX 78230, San Antonio, Texas, 78230
210.587.7267
eCapital Freight Factoring
10100 W. Charleston Blvd Suite 220, Las Vegas, Nevada, 89135
800.705.1500
Great Plains Transportation Services, Inc.
923 N State St, Fairmont, Minnesota, 56031
(800) 324-8214
Gibralter Business Capital
400 Skokie Blvd #375 Northbrook,, Northbrook, Illinois, 60062
(847) 272-9618
Diversified Transportation Finance
3100 Pinebrook Rd. Suite 2200, Park City, UT, 84098
(801) 821-0355
CarrierNet Group Financial
500 W 10th St, Sioux Falls, SD 57104, USA, Sioux Falls, South Dakota, 57104
(877) 747-2807
ALLEGIANT BUSINESS FINANCE
600 university st.ste#2328 seattle, WA(Washington), Seattle, Washington, 98101
(866) 377-0800
Merchant Factors
1441 Broadway, 22nd Floor New York, NY 10018
6750 North Andrew Ave, Suite 200 Fort Lauderdale FL 33309
(213) 347-0101
Universal Funding
16201 East Indiana Avenue Suite 2600, Spokane Valley, Washington, 99216
800.405.6035