Service Industry Factoring

Home Industries Service Providers

Running your own business is not easy or cheap and bridging the cash flow gaps is often a struggle. Service factoring is a flexible financial solution that assists businesses in the service industry improve their cash flow.

Accountants, engineers, marketing consultants, security providers, and janitorial/maintenance companies may seem like they have nothing in common. However, they’re all service providers, which means cash flow can be inconsistent or delayed by slow-paying clients, but these industries all need capital to pay their employees and expenses and expand their business. 

Since many service companies often do not have tangible goods, it is exceptionally difficult for them to qualify, let alone apply for traditional modes of finance like bank loans. Besides this, businesses face many challenging economic times that make it even more challenging to meet bank loan stringent credit approval criteria. Not to mention, without factoring, you can wait between 30 and 90 days to receive payment, which can be detrimental to you and your business. However, with service industry factoring companies, you only wait up to 24 hours to receive payment for their invoices.

A good question to ask is, ‘why bother going through the long process for bank loan credit’ since you run a risk of not getting approved.  At Viva Capital Funding, we aim to get you approved and funded the same day.

Ask a Question

Benefits of Using Factoring Services For Service Providers

The best way to remedy a slow period or any down point is through factor financing. You likely have a mountain of accounts receivable. With factoring, you can turn those into immediate cash in your account. When you turn your invoices over to us, we handle the collections, and you get working capital right away.

Why Viva Capital?

Fast Approval & Simple Process For Immediate Working Capital

Our priority is you. We will work quickly to meet your demands. Factoring is a tool to inject money into your business immediately. Why bother going through the process if it takes days to get approved? With Viva Capital, we can usually get you approved and funded the same day.

Second, make it simple for you. We believe that a key advantage of factoring is that you can simplify on your end. You don’t need a collections team calling multiple clients. You don’t need an accounts receivable department managing your incoming payments (or lack thereof). So, why would we want to make the factoring process difficult? Factoring is about simplicity. Contact us for your factoring needs.

Cash flow for service providers can be hard to manage. Your clients’ priorities don’t include making sure your employees get paid. So, if you prefer to get your funds rather than wait 30-90 days, Viva Capital Funding can help.

Types of Service Providers that our Factoring Company Can Help Include:

  • Security providers
  • Engineers
  • Accountants
  • Consultants
  • Janitorial Services
  • IT Services
  • Educational providers

Turn your invoices into immediate cash.

Request a Rate Quote

Have a Question?

Please submit the contact form and one of our representatives will get back to you as soon as possible.
For immediate assistance, please call 915.859.8900

First Name *
Last Name *
Email *
Phone Number *
Attach File
Message *