The janitorial service industry, also known as the commercial cleaning industry, works in residential buildings, retail centers, healthcare facilities, government buildings, and more. Are you struggling to meet your short-term funding needs due to a new contract? Do you have established clients, but your cash flow is affected because they pay 30, 60, or even 90 days after receiving your invoice? Factoring is a reputable business funding alternative. Sell your accounts receivable to us, and we will provide you with capital to use as necessary. We pay a large percentage of your invoice upfront for work already completed.
Bank loans are approved based on your janitorial service company’s operational and credit history. If the loan is approved, your company incurs debt that must be repaid with interest over a specific period. Factoring provides funding based on the credit strength of your clients. You incur no debt and pay no interest.