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Factoring for Service Companies

Navigate invoice payments from customers with factoring solutions for your service company

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Get Your Service Company Paid Faster With Factoring

Being a dedicated service provider comes with its unique set of challenges. One of the foremost is handling multiple clients, each with its own set of payment terms and timelines. It’s not unusual for some payments to extend to durations of 30, 60, or even a daunting 90 days. This inconsistency and delay can significantly strain your cash flow, making the management of day-to-day operational costs a tricky tightrope walk. For many, this means constant vigilance, forecasting, and often a measure of uncertainty as they await client payments. If this scenario feels all too familiar, it’s essential to recognize that there are tailored financial solutions designed specifically for professionals like you.

By partnering with experts like Porter Capital, you’re not just getting a financial service; you’re investing in a bespoke financing solution tailored to your unique business needs. Our expertise ensures a harmonious arrangement that equally prioritizes the well-being of both you and your clients. The result? No more sleepless nights over delayed payments, no more compromising on growth opportunities due to cash flow constraints. Instead, you can focus on what you do best – providing exemplary services, fostering client relationships, and scaling your business – all while enjoying smooth operations and consistently satisfied customers.

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Service Industry Deals We’ve Funded

Our team works with countless service companies to create appropriate funding plans with affordable rates and excellent turnaround. Check out some of the deals we’ve funded for the service industry below.

$100K Funded to an IT Consulting Firm

$500K Funded to a Training and Certification Company

$60 Funded to a Handyman Company

$500K Funded to a Meal Kit Delivery Service

$1.5M Funded to a Hygienic Pumping Solutions

$200K Funded to a Digital Advertising Company

$200K Funded to a Commercial Maintenance Company

$2M Funded to a Financial Service Company

Benefits of Factoring for Service Providers

Enter the world of invoice factoring – an effective and strategic financial tool. Think of it as constructing a financial bridge that allows you to cross the chasm of inconsistent payments. This tool offers immediate advances on your pending invoices, ensuring that your business never hits a standstill due to delayed client payments. What’s more, this process is designed to be seamless and unintrusive. Your clients won’t feel burdened or pressured in any way, preserving the professional relationship you’ve worked so hard to build.

Unlock the flexibility and security your business deserves with our tailored financing solutions designed for service companies. Managing operational costs is imperative, and with invoice factoring, you can swiftly secure the working capital required for day-to-day functions. Embrace the power to streamline your invoices with a dependable team dedicated to offering unparalleled financing solutions.

Over the years, Porter Capital has partnered with a diverse range of service providers, crafting factoring plans tailored to their unique needs. By opting for invoice factoring with us, your service company will benefit from:

  • Limitless Funding Opportunities: Choose to factor any number of invoices, irrespective of their volume. From small invoices to multimillion-dollar deals, our team is equipped to handle them all.
  • Effortless Approval: Acquiring funds for service companies can be daunting, more so if you’re in the nascent stages. We frequently approve factoring arrangements for those with less-than-perfect credit scores or those without collateral.
  • Sustainable Growth and Security: Our factoring solutions for service companies are not just about immediate relief; they’re about fostering long-term growth and stability. With consistent access to required funding, your business is poised to evolve and outpace the competition in the long run.

How Does Our Factoring Process Work for Service Companies?

Timely payment is crucial for the smooth functioning of your business. Lingering on extended invoice payment periods not only poses frustrations but also threatens the financial health of your company. By obtaining the right funding for your service company’s invoices, you can ensure a consistent cash flow while preserving your customer’s payment routines.

At Porter Capital, our expertise isn’t limited. We’ve successfully facilitated invoice factoring for professionals across sectors, including attorneys, architects, engineers, consultants, and accountants. Our dedication to service companies like yours is evident in our three-decade-long track record of delivering tailored financing solutions. Here’s a glimpse into our straightforward invoice funding process for service companies:

  1. Invoice Submission: Provide our Porter Capital team with a valid invoice from your company.
  2. Immediate Cash Advance: We promptly release an advance that covers up to 85% of your invoice’s value.
  3. Customer Payment Management: As you utilize your funds, we handle the collection process from your customers.
  4. Final Settlement: Once we’ve received payment from your customer, we transfer the remaining balance to you, deducting a nominal fee.

Utilize our invoice factoring calculator to determine the estimated cash advance, the final amount receivable upon invoice payment, and the associated factoring fee.

Factored Invoice Amount ($)
Factoring Rate (%)
Advance Rate (%)