Invoice Factoring for Security Guard Industry
Security and protection are what all security companies are about. But when it comes to taking care of possible cash flow deficit, how much protection do you have? Like any type of staffing company, factoring security industry to be specific, security companies do have additional funding needs, and here at Carter Funding, we will make it happen for you. We are here to provide that funding by factoring your open account receivables.
Well maybe let’s start by introducing to you what factoring is.
What is Invoice Factoring?
It is a financial transaction and a type of debtor finance wherein a business sells its invoices (accounts receivables) to a factor at a discount in exchange for immediate money with which to finance continued business.
Factoring is also referred to as invoice factoring, accounts receivable financing, and sometimes known as accounts receivable factoring. But the most important thing that you have to know about factoring is that it is not a loan, so there really is no debt to repay.
In this line of business, the invoice factoring for security guard industry is considered more of an asset. It really is an asset. Why? In no time, we help you meet urgent cash flow needs. We strive to have all applications processed within 24 hours.
We can help you bridge your cash flow gap by purchasing your aging accounts receivable/invoices for immediate cash transfers at a factoring rate as low as 1 percent and an advance rate up to 90 percent.
Here are some of the reasons why you need to choose us for your security guard factoring needs:
Debt Free
Being a factor, we are to purchase your accounts receivables and we guarantee you the responsibility for collecting from those businesses that you have provided services to. Once the customer pays in line with the terms of invoice, we will let you know any deductions there will be and provide you the residual amount into your business account. This is completely debt free since the funding is provided as an advance on work that is already completed.
Additionally, to keep you on track, you are not borrowing money on future security guard services, so there really is no risk for your business at all.
Cash Flow Stability
What do you mean by a reliable cash flow? It simply means that you can:
- Pay your office’s utility bills
- Purchase office necessities
- Pay your employees on time
- Buy supplies
- Pay your business insurance
Getting paid faster for your invoices is essential to keep your cash flow intact.
Quick Payments
Since in the first place why you have us is because your clients haven’t payed yet, you may find it really hard to keep enough cash on hand to meet and cover your expenses. So when you factor your invoices, it lets you receive up to 90% of their value, with the remaining 10%, deduct the factor’s fee, is paid to you once your invoice customers settle their accounts.
Usually factoring rates start at 1% with Carter Funding. Once you submit your application, you can usually get approved within 24 hours. Now you have avoided the usual waiting period which is 30 to 90 days to get paid by your clients.
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Factoring Security Industry Solutions
Is your company providing security guard services? If yes, then it is one of the firms that incurs a lot of costs in hiring, upgrading, acquiring equipment and vehicles. As such, you need a partner who can stand with you during the hard times. Carter Funding Corporation offers security industry invoice factoring solutions which are flexible and tailored to meet the needs of security firms. We offer advance cash for accounts receivable to enable and allow security firms finance their operations and grow their business. Remember that Factoring Security Industry solution is a facility that avails funds to security firms within 24 hours.
Note that invoice factoring for security industry is not a loan but an advance payment from the services sold, which avails more working capital to the business to enable it to meet its short-term financial needs without increasing the business’ level of debt.
It is a well-known fact that security firms rarely get an upfront payment for the services they offer. Therefore they must look for funds to enable them to meet their payroll obligation when they fall due. In most cases, security firms choose to leverage accounts receivable factoring as a method of accessing more cash to pay for expenses and increase their job volume. At CFC, we do not care about your credit score. Our security industry invoice factoring program offers solutions that are only interested in the credit score of your client. If we are satisfied with them, we shall avail the funds you need to meet your expenses and grow your business.
You are free to choose the accounts to sell to us, and we guarantee to provide cash immediately. We charge less than 1 %, meaning that you can use the money to meet your expenses and buy equipment without waiting for the customer to make payments.
If you are a start-up and you are finding it difficult to obtain a loan from banks, do not despair, just take a phone and call the CFC president, who will explain to you how you can benefit from our invoice factoring for security industry program. We are committed to helping start-ups compete with well-established businesses by availing the much-needed cash to give the well-established firms a run for their money. We understand how difficult it is for start-ups to secure credit from financial institutions who often time, demand for collateral and credit history before they allow them to access a loan facility.
At CFC we understand how Factoring Security Industry programs work. Thus we have streamlined our operations including simplifying the application process to enable security firms to take on new opportunities and grow their business using our accounts receivable security industry solutions. We have a team of factoring experts who will take their time to explain to you the entire process and advise you accordingly. They will evaluate your unpaid invoices and approve them for immediate payment.
CFC understands the challenges that you firm faces to remain solvent and compete with well-established companies. That is why we have tailored our factoring solutions to meet your needs. Our Factoring Security Industry programs are convenient, fast and will have cash in your bank account within 24 hours.
Questions about business receivable factoring? Call us now! We would love to hear from you and answer any questions you might have regarding invoice factoring. You can also learn more about receivable financing companies, finance factoring, freight factoring services, business factoring, invoice factoring for staffing industry, accounts receivable factoring communication industry and more.
Contact Us Today!
Carter Funding Corporation
4938 William Arnold Rd
Memphis, TN 38117
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Phone: 901-425-1083
Fax: 901-685-1579
Call us now! We would love to hear from you and answer any questions you might have about trucking invoice factoring companies, factoring receivables benefits, small business equity funding and or general invoice factoring questions. We offer industry specific factoring options such as small business funding like kickstarter, construction invoice factoring, invoice factoring technology, small business funding like kickstarter, accounts recievable factoring government contracts, invoice factoring service industry, invoice factoring manufacturing industry, accounts receivable staffing industry, invoice factoring for Amazon vendors, cash flow problems and many others. Just give Carter Funding a call to learn more!Questions about invoice factoring for payroll?