Interested in finding out what your janitorial business needs to do to qualify for invoice factoring? Here are the quick and easy steps to follow.
Simply:
- Fill out an accounts receivable factoring application and provide supporting documentation
- Provide us with invoices along with documentation that your customer has agreed that work is complete; invoices can be for products sold or services rendered
- Have creditworthy customers
Apply for your business funding solution in the format that you prefer: a PDF format or a Word format.
MP Star Financial keeps requirements streamlined and client friendly. Take a look at this comparison between invoice factoring and bank funding:
|
Banks as a business funding solution
|
Factoring as a business funding solution
|
|---|---|
| Prefer to loan to companies with significant tangible assets | Does not base lending on tangible assets |
| Often want credit over $1 million | Accepts much lower credit amounts |
| May insist on insurance policy with the bank as beneficiary | Never requires insurance policy |
| Generally are not risk tolerant | Comfortable with greater risks |
Download a copy of a FREE e-book to find out more about how accounts receivable factoring can help your janitorial business.
This free e-book, Grow Your Business Through Invoice Factoring, is written by MP Star Financial President, Gage Price.
This e-book will show you exactly how to set up your accounts receivable factoring. When you free up your cash flow management, your janitorial business can grow in the direction of your choice.
You’ll also be able to meet payroll and payroll taxes without worry and take advantage of cash discounts. You can also offer better payment terms to your prospective clients – and more.
Rev up your cash flow management and grow your janitorial business today! Contact MP Star Financial.
Apply for your cash flow management business funding solution online today or call us at 1-800-833-3765 Ext. 150.
