Whether you are a start-up or well-established business in Baytown, TX, cash flow can be difficult to manage. More money going out for various reasons can leave your company low on funds, even when business is good. Invoice factoring can be the solution to cash flow problems, using your accounts receivable to get the funding you need now. JOBE Services Inc. is a Texas-based factoring company, and Baytown businesses can count on us when they need to resolve cash flow issues with accounts receivable financing. Lastly, you avoid automatic contract renewal because we have no annual contract. We believe in flexible agreements because we feel we should earn your business, not tie it up in a contract.
What Is Factoring?
If you are new to factoring, it can be simply explained as selling your invoices to obtain immediate cash. There are different types of factoring. Some use invoices as collateral until the invoices are paid. At JOBE Services Inc., we offer non-recourse accounts receivable factoring. This means we accept the credit risk, and we pay you upfront for your invoices and collect the funds from your clients. As a non-recourse factoring company, you can utilize our credit expertise to investigate potential customers before you commit resources up-front.
Benefits of Invoice Factoring
Why sell your invoices? We work with small to mid-size businesses in many industries that use factoring for a variety of reasons. Some are new businesses that are not established enough to obtain business loans or credit. Factoring gives them access to cash to cover expenses, buying new equipment or investing in marketing. For many other companies, factoring is used to cover expenses when large orders deplete their available funds, and they cannot wait 30, 60 or 90 days to receive payment from their clients. Our factoring services also include management of accounts receivable. Many companies benefit from having a third party manage the collection of their accounts.
We offer quick and convenient invoicing factoring without any upfront fees. If you own a business in Baytown, TX, and you want to explore options for quick cash infusions, contact us at JOBE Services Inc. There are no application or processing fees, no minimum invoice requirements and no long-term contracts for our factoring services, so Call us today at 281-540-7601 to find out more.