Invoice Factoring for Commercial and Janitorial Cleaning Services
For Assistance Call (800) 241-2274
Managers in commercial building within the private and public sector depend a lot on providers of janitorial service to clean their facilities and keep them as functional as possible. Nonetheless, these clients can take over a month to fund outstanding invoices. This leaves a cash flow problem in the janitorial company affecting its operations. Such a problem can be distressing but there’s a way out.
Janitorial service invoice factoring can help you secure the needed working capital to keep your company afloat and clients satisfied.
How it works with Janitorial Cleaning Services
Janitorial factoring service for receivables is a transnational series that simply work by converting a company’s unpaid invoices into the funds needed to run the business. After factoring approval has gone through, simply submit all types of invoices and access the working capital you need. it's just that simple!
Most janitorial factoring transactions work in the following way:
- A janitorial service is provided to a customer. You send an invoice to them for the service provided and provide the factoring company with a copy.
- Verification is done by the factoring company to confirm the work was completed including the accuracy of the invoice. In 24 hours you’re funded with 70 percent of the amount indicated on the invoice.
- Carry on with the work and offer services to the same client or others as required, invoice them send the factoring company the invoices.
- As you continue offering your service the factor works with the customers to close all open invoices. After the payment of the invoice, the factor will remove the amount they offered you plus a little factoring fee and send you the rest.
Of course the amount that comes out of the factoring process can be used to cover diverse areas. You have the liberty to hire extra staff perhaps to serve fresh clients and more areas, purchase supplies and equipment required to offer more specialized services or simply work better.
Janitorial factoring is all about the sales you make. All the investments you put in the business will pay up as the cash flow continues to grow.
What are you waiting for.... Call us today!