Factoring for Service Providers

Factoring For Service Providers

In the world of business there are a lot of different services that we offer to other businesses (B2B). It can be anything from delivery and cleaning to equipment service and maintenance. If you provide a service to other businesses, you use resources to complete the service and then wait to get paid for your work. While some customers pay their invoices quickly, other take a long time to pay.

Managing your overhead, payroll, and other daily expenses while waiting for your customers to pay their invoices can cause cash flow crunches, a lack of working capital, or even hinder you from growing your business. As a result, you might experience financial concerns such as a lack in necessary funds for expansion, development expenses, employee salaries and more.

You might turn to a traditional business loan to cover these expenses when there is a better option available. Factoring offers flexible financing solutions with fast approval processes. Treasure Valley Factors allows you to factor your accounts receivable at a small discount, typically 5%, and get your money within 24 hours instead of waiting for the invoice to mature. You can choose to factor as many or as few of your accounts receivable as you choose to meet your current cash needs.

Through factoring you can avoid taking out loans and other forms or debt that come with a high interest rate and focus on accelerating the cash flow you need to meet your current financial needs on an ongoing basis. Another benefit of factoring is that once we have purchased your accounts receivable, we handle the entire billing and collection process for you, saving you time and money.

To learn more about how Treasure Valley Factors can help your business, please fill out the contact form below and a member of our team will reach out to you to answer all of your questions.

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