What is Factoring Finance and how does it work for Security Companies?
Factoring is a financial transaction and a type of debtor finance. A business sells its accounts receivable to a third party at a discount. Being a factoring finance company we understand that you can find yourself paying wages weekly while you may only get paid monthly at best. While you are profitable we know that cash flow can be an issue. Typically security is a popular sector in the invoice finance industry.
If you have an expanding security firm but need funding to pay for your staff wages, it is worth investigating invoice factoring finance as a possible solution. Invoice factoring finance for security companies is perfectly to take on more frequent larger jobs which may even demand higher level security personnel. You will be able to cover the associated costs today using the cash you are expecting to receive in 30, 60 or 90 days time.
Would you like to enhance your cash flow?
Paying your staff, fuel costs for mobile patrols and to and from site needs cash, whilst also allowing your customers the flexibility they need when settling the invoice in your agreed terms. That’s the perfect cash flow scenario for many security firms and the factoring finance lenders can allow you to achieve this. You will be provided with income just when you need with invoice factoring finance so you can grow your business smoothly.
Improve Your Firms’ Reputation
One of the less tangible benefits of invoice factoring finance for security companies is that it enhances your firms’ reputation. The right invoice factoring finance will mean your staff are paid on time, happy work force and suppliers are secure in the knowledge that they will never need to wait any longer than necessary before they receive payment, plus a healthy cash flow will mean you never have to turn away a job again as well as keeping HMRC happy with your payments for VAT, PAYE and pension contributions made on time.
Want to take on large or Seasonal Security Contracts?
It’s not easy to pay for large amounts of security staff, especially if you need to supply higher level contractors. When you are presented with a large contract opportunity or Seasonal work like a outdoor event, you want to be able to say yes, right away. With invoice finance for security companies, you will be in a better place to take on jobs which demand higher level staff. Growing your business has never been so simple.
We understand that you want to minimise costs and maximise the cash available. Our expertise is sourcing invoice discounting and factoring facilities. We aim to understand what you are looking for and then explain what your options are. Because we understand the capabilities and criteria of each lender in the market we can match both the product and lender which best match your unique requirements. Visit Invoice-Funding.co.uk