How Security Guard Companies Benefit from Factoring
Many of the expenses your agency incurs to fill orders require payment before you even receive payment on customer invoices:
- Payroll and tax obligations
- Marketing and advertising
- Sales calls and visits
- Recruiting ads
- Pre-employment screening
- Interviews – and so on
When you consider how much money will have to go out before customer payments start to come in, it’s easy to see why security guard companies use factoring to speed up cash flow. Factoring invoices can help your agency maintain a more consistent flow of working capital, helping you meet expenses without postponing marketing and advertising needed to keep growing.
Take the next step and request a free, no-obligation quote to find out how much working capital your company could access if you factored invoices instead of waiting on customer payments.
Payroll Factoring Loans for Security Guard Companies
Factoring is commonly used by security guard companies who want to use invoice factoring as an accounts receivable management tool, but it is equally effective for security guard staffing agencies that want to use staffing payroll factoring loans to finance payroll occasionally or on a regular basis.
Since payroll is usually the largest expense a staffing agency has, ensuring adequate working capital is on hand to meet payroll cycles is vital.
We offer factoring services that may be especially ideal for security guard companies. Low fees and high advances are made even more attractive with factoring services that let you stay in control, so you can do what’s best for your staffing services agency:
- no requirement to factor a minimum number or dollar amount of invoices every month (or quarter)
- no requirement to factor all the invoices from an approved customer – factor only when you choose
- no long term contract requirement
Get a free quote with no cost or obligation, even if you’re already factoring and want to compare our quote against your current agreement.