Telecom factoring powers the digital age
In today’s digital world, keeping the Wi-Fi on is almost as important as keeping the lights on. From massive satellite towers to satellite communications way up in space, the telecommunications and broadcasting industry is so ubiquitous we barely notice it until something goes wrong.
In order to function at optimal levels, large telecom corporations rely on the services and products of small businesses. It is a demanding environment with potentially lucrative rewards for these businesses. Yet how do all of these small telecom companies and contractors stay afloat in such a competitive industry?
The small firms that provide service or goods to the major corporations survive and thrive by keeping robust, ever-ready cash flow. This means they don’t have time to sit and wait to collect on payment that is owed to them.
What are the payment terms for major telecom players and their small business suppliers or service providers? Similar to government contracting, telecom corporations have a history of taking 60 days or more to pay. Nevertheless, these small businesses need to collect on payment fast if they are to remain key players in the industry. Many companies find that telecommunication business factoring services are the right solution for their cash flow crunch.
Telecom factoring solves slow payment problems
Small businesses get capital quickly by taking advantage of big business finance tools such as telecom factoring. An alternative financing method that has been around hundreds of years, telecommunications financing via factoring lets companies collect on their invoices in days and not weeks and weeks.
Telecom factoring companies may be an ideal financial partner for your telecom small business if one of the major carriers is a client of yours. Why? Because chances are good these corporate players have excellent credit ratings, the most important consideration when issuing telecom funding via a telecommunication factoring company. So even if your new phase telecom firm has poor or unestablished credit, it can get cash quickly without taking on debt via telecommunications factoring.
The types of firms that take advantage of telecom factoring include:
Telecom systems integrators
Original Equipment Manufacturers (OEMs)
Fiber optics businesses such as those that dig and lay cables
Firms that provide technology products and services
Wireless and broadband firms
Videoconferencing and telepresence businesses
Wireless and wireline integration businesses
Those in cloud-based business applications
Telecom can be a lucrative undertaking but only for those small businesses that are willing to do what it takes to survive and thrive in an extremely competitive space. Successful firms in telecom must take the reins of their finances rather than be at the mercy of slow customer payment timelines. One way small businesses in telecom can do this is by partnering with fast and knowledgeable telecom factoring companies.
Get telecom funding at the speed of broadband
By selling your high value, creditworthy invoices at a reduced price to telecom factoring companies you can collect the bulk of payment that is owned to you in just a matter of days. This fee that goes to the factor is the cost of doing business in a slow paying industry that is pretty much set up that way. Telecom is known for moving at a snail’s pace with regard to paying its customers, and that’s probably not going to change anytime soon. So obtaining telecom funding through another option such as business factoring loans may be a better option for your business.
Learn More About Telecommunication Factoring Companies:
- Laying Down Telecom Funding for Fiber Optics Cable Installation
- A Complete Guide to Factoring
- Shopping Guide to Invoice Factoring Companies
Search Our List to Find Telecommunications Factoring Companies Near You:
12655 N Central Expressway, STE 675 Dallas, Texas 75243
191 University Blvd. #272, Denver, Colorado, 80206
220 Ave I , Redondo Beach, California, 90277
5540 Centerview Drive, Ste 200, Raleigh, NC, 27606
4700 South State Street, Salt Lake City, Utah, 84107
900 E Hamilton Ave #100,, Campbell, CA, 95008
250 Yonge St #2201, Toronto, ON,
145 Pleasant Hill Ave N., Sebastopol, CA, 95472
923 North State Street, Suite 120, Fairmont, MN, 56031
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