You’re ready to improve cash flow management and grow your janitorial business. Discover why accounts receivable factoring is the ideal method.
Cash flow management challenges occur in the janitorial industry, often because:
- You pay your staff twice a month, while your clients take 30 days to pay your invoices.
- In today’s economy, some of your clients are taking even longer than 30 days to pay.
- You find excellent opportunities to expand your business, but you need to put out cash up front.
You need to find a solution for your cash flow management – fast – and accounts receivable factoring is the perfect solution. When you choose accounts receivable factoring for your janitorial business, you can:
- Stop worrying about meeting payroll and other expenses and focus on growing your business.
- Be strategic in how you expand your business, whether that means expanding your geographical reach or adding new janitorial services.
- Choose to use your factoring funds to extend payment terms to land the big accounts.
Apply for your accounts receivable factoring funds today or contact MP Star, your expert receivables factoring company, by calling 800-833-3765, #150.
Here is more information about why invoice factoring is the right funding solution for your janitorial business.
Receiving bank funding can be challenging, as banks are generally not risk tolerant, especially in today’s economic times.
Banks also:
- Prefer to loan to companies with significant tangible assets
- Often want credit over $1 million
- Can insist upon an insurance policy with the bank named as the beneficiary
Invoice factoring with your factoring company – MP Star Financial – means that you are adding no new debt.
Instead, you are receiving funds based on your outstanding receivables, rather than any tangible assets. Your factoring company – MP Star – also:
- Accepts much lower credit amounts
- Never requires an insurance policy
- Is comfortable with much greater risks
