Benefits of Using Factoring Services For Service Providers
Accountants, engineers, marketing consultants, security providers, and maintenance companies may seem like they have nothing in common. However, they are all service providers and form part of the service industry. Their value lies in their service and not in a product, but they still struggle with cash flow like any other business. It is this struggle that is universal and can be solved with service industry factoring.
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
- Janitorial Services
- IT Services
- Educational providers
Turn your invoices into immediate cash.