Businesses that provide services to commercial accounts are usually not tangibly collateralized for traditional lending and are least likely to get traditional funding.
Services based companies use Capital Credit's receivable factoring program for payroll, daily operating expenses and paying vendors. Our clients are able to offer credit terms to clients with ease, making them much more competitive in their market place.
Every industry has some unique considerations but generally the service of the work must have a purchase order, work order or authorization with some type of rate confirmation, agreement or contract. The invoice will be eligible for funding once the service is completed and signed off by the customer. Usually any document the client requires accompanying the invoice will be required for funding.
Capital Credit is very flexible in underwriting new and evolving service industries. New companies are formed everyday and generate a receivable never considered for funding by a factoring company. We are very open minded in approving and funding businesses so give us an opportunity.
Don't lose out on potential sales due to customers insisting on payment terms!
Your business can grow by offering credit terms or extended payment terms to potential customers.
Your staff is your greatest asset and that asset runs on money. The honest truth is that your employees may love working for your company, but they would love it a lot less if they did not get paid on time. Your payroll deposits are some of the most important financial transactions you will make and they are at the mercy of your cash flow. If you have cash flow issues, then you will have payroll issues. Instead of going to a bank and getting long-term financing for a short-term issue, you need to contact Capital Credit and get an invoice factoring account put in place right away.
As your company grows, so does the business line of credit supplied by Capital Credit. When your increase in sales forces you to take on more personnel, then we will make sure that you always have the cash you need to meet that rising payroll. Our factoring services will turn your new invoices into cash either on or before their due dates. The confidence that an invoice factoring account provides you can allow you to hire the talented personnel you need to grow your business and meet the growing demands of your client base.
You can choose to use our services long-term or short-term, but we are confident that you will impressed with how smoothly your business runs when you have a strong cash flow. Our response to our customers' needs is fast enough that we can help you to get out of any financial crisis, provided you have the invoiced sales to cover your needs. Once you see just how well our process works for getting you out of trouble, you may just want to use it to prevent your company from getting into trouble in the first place.
If you have never tried factoring before, then give us a call and ask us any question you may have. You are under no obligation to use our services at any time. Even after you have an account in place, you can still decide to stop using our services at any time. But we are confident that having a reliable cash flow will become your preferred way of doing business, and that will make Capital Credit the financial partner you will always want on your side.