Does your security guard business have cash flow challenges that make it difficult to take on new contracts? Let Accounts Receivable Cash introduce you to security guard factoring, an industry specific form of accounts receivable factoring. Factoring your receivables is the simple and fast way to get paid instantly for the staffing services you provide.
Grow Your Security Business by Factoring Accounts Receivable
Factoring your security guard receivables can help your business grow by providing you with the working capital you need to stabilize your business while also taking on new clients.
Factoring receivables does not work like a loan. There is nothing to ‘pay back’. After you sell your unpaid invoices to the factor and the factor advances you the cash, your customers then pay the factor directly. Once the factor is paid, the remaining amount is returned to you minus a small fee. Factoring your security guard receivables is a debt free way to finance your business.
You do not need a perfect credit score to qualify for security guard factoring. The factor will review your clients credit when you apply, not yours. If your business works with reliable clients who are slow to pay, factoring invoices is a great way to get the cash much faster than waiting 30 or 60 days for payment. You can increase your credit rating through accounts receivable financing because you now have the working capital to pay off accumulating debt through factoring.
Advantages of Accounts Receivable Financing
Receive supplier discounts by factoring. Many suppliers offer discounts to customers for faster payments as a way to keep capital flowing. Take advantage of these discounts by factoring your unpaid security invoices. Saving money in some areas will allow you to put it to use in others. For example, if you save by taking advantage of supplier discounts you may have the capital to take on a few more new leads each month.
Security guard factoring companies will provide you with additional back office support. Factors will be able to provide your security guard business with additional collections support so your employees can take on other projects.
Receive cash today to make payroll on time. Never miss payroll again with factoring. With a steady cash flow you will always be able to pay your employees on time. In most cases you can get funding with 24 hours to ensure your employees are paid on time each month.