Date Added: Jan 2010
Invoice factoring is the perfect solution for a good number of industries. Security guard firms are in an industry that lends itself well to this sort of business financing. Such firms will find that they will be able to receive cash upfront for jobs that they normally send invoices to. Therefore, instead of waiting 30-90 days before payment, they can receive cash within 7 days after completing the job. This almost immediate access to money that they have already earned will give them more options. If they want to take on more clients, they will have the capital to do it. If they need to pay bills already outstanding, they can do this as well. In summary, invoice factoring can significantly improve any cash flow problems.