The COVID-19 pandemic brought unprecedented challenges on businesses of every size, but especially small to medium-sized businesses. If you are a business owner, you likely know this first-hand. As many states are moving through reopening phases, and the number of new COVID-19 cases rises and falls, uncertainty is still the current “normal.” It is in these times that factoring can help.
Many business owners may be reluctant to investigate how factoring could help their business because of questions about credit. New or struggling businesses may not have well-established credit that a bank or other lending institution would consider sufficient for a business loan. Especially now in these unpredictable times.
Factoring and Credit
Factoring makes it possible for you to receive the money you are owed on your outstanding invoices right now, instead of waiting for your customers to pay. This is a huge benefit when you have 30- or 60-day invoices but need cash now for operating expenses. A major benefit of factoring is that it is NOT a loan, and therefore does not require good credit.
As a point of fact, you are leveraging the credit worthiness of your clients that owe you money on open invoices. JOBE Services, Inc. purchases your outstanding invoices at a discounted price for cash now. When your clients pay their invoices, we get our money. We offer this as a one-time solution or as a continuing option to improve cash flow for your business.
Improve Business Stability with Factoring
During uncertain times, a certain cash flow is a huge benefit. That is what factoring with JOBE Services, Inc. offers. Our focus is on helping businesses throughout south Texas stay solvent and thrive, even during this crisis period. We are based in Humble, Texas ourselves; as a local business, we are all about strengthening other local businesses.
To learn more about factoring and how JOBE Services, Inc. can help your business, call 281-612-8354 or contact us online in Humble, TX.