Does your Beaumont, TX, business need immediate cash? Whether you need to replace equipment or just need to pay routine expenses, invoice factoring can offer a quick way to infuse funds into your business. JOBE Services Inc. is a factoring company that Beaumont businesses can trust to help them find the funds they need when cash flow is slow.
How Invoice Factoring Works
If you are new to factoring, it is a simple concept. Businesses that offer 30 to 60-day payment terms to their customers can have thousands of dollars of revenue tied-up in invoices payments they are waiting to receive. Factoring Companies step-in to give businesses money immediately for those invoices for a fee, essentially purchasing the invoices at a discount just as if you were offering a discount for early payment to your customer. There are different types of factoring companies and funding options. JOBE Services Inc. offers non-recourse factoring, with no Credit risk on Approved Debtors.
JOBE Services Inc. works with small to mid-size businesses in manufacturing, trucking, oil/gas services and many other industries who need to improve their cash flow. We buy their invoices and manage those accounts receivable collections, basically handling the Accounts Receivable Function, the same way as if we were your back-office. Once we approve and buy an invoice, we accept the Credit Risk even if your customer (the debtor) does not pay for any financial reason (such as filing for bankruptcy). Our clients receive same day funding for their invoices, with no upfront, processing or application fees. There are no minimum requirements or long-term contracts. You can use our service intermittently or continue using regularly each week. We are Texas-based, located in Humble, TX, which is unlike many factoring companies that are based on the east or west coast.
If you are interested in learning if accounts receivable factoring could help your Beaumont, TX, business resolve cash flow issues, contact us at JOBE Services Inc. We have been helping startups and well-established companies get the funding they need since 1996. Our experienced team can answer your questions and determine if invoice factoring is right for your business.