Security Services Factoring - Fast Turn Around
For Assistance Call (800) 241-2274
Security companies are all about protection. Nonetheless, there’s a gap in protection when dealing with potential cash flow deficits. Lots of security guard firms are quite successful in their business. However, the way their industry is makes it hard for them to access business loans the conventional way due to the fact that their most important asset is their employees.
Security guard factoring can definitely smooth out the problems with cash flow more so in the area of mid monthly payroll needs. Just like other staffing companies, a security company also has needs for extra funding from time to time.
By factoring the receivables of the company’s open accounts we provide the needed funding.
We understand quite well that our services might not be required every month, unlike other security guard factoring businesses out there. Thus we don’t ask for lasting contracts but simply work together on a month long basis until the next time you need us. We hardly require monthly volume minimums and we can factor as much as possible to the tune of millions as your company takes off.
Termination fee is not charged after you’ve stopped using our factoring facilities, as much as we might have great customer ratings. Lots of security companies usually have diverse contracts with varied payment dates. Consequently, cash flow usually evens out as limited income periods go down. This provides the security company with readily available funds. At such a time factoring is no longer required.
After your customers have repaid us according to the invoice terms in place, we’ll let you know about all the fees to be deducted before hand and then have the residual funds deposited into your company account.
This is hardly a loan and money is not being borrowed on security guard facilities for the future. As such the risk to your business is nil. Also, schedule repayment plans aren’t needed and the amount funded doesn’t attract any interest.
Since 1975 we’ve provided factoring services across the security industry, which has given us extensive experience. We’ve also worked with well known firms within the industry across the nation. Our national appeal allows us to rapidly and efficiently review each customer’s creditworthiness. This allows us to approve applications and have an agreement ready for your perusal in not more than 24 hours.