Texas machine shops are the lifeline of the gas and oil industry. Whether fuel prices rise or fall, the steady production of gas and oil feeds the American economy and lifestyle – and machine shops all across Texas feed their needs for industrial-grade maintenance and repair machining.
Many of these machining projects require quite a bit of up-front expenditures for materials, tools and payroll before the job is completed and can be billed to the client. Even then, most machine shops invoice clients on a 30-day or even 60-day basis. This means your Texas machine shop can be forced to spend a considerable amount of money while waiting to get paid.
Factoring for the Unique Needs of Machine Shops
You may have done business with oil and gas clients or other businesses for years, and there is no doubt they are good for what you are owed. Their integrity is not in question; it’s just the long wait to get paid that can sometimes put your shop in a bind. After expending your ready cash on materials and paying workers, you can be left low on funds. What happens when the next large project becomes available, requiring a similar initial expenditure in order to get started?
Factoring is a means to get immediate cash when you need it, but it is NOT a loan. You are simply leveraging outstanding invoices to get the money you have already earned quickly. When you need money now, don’t lean on credit or take on dangerous debt. JOBE Services, Inc. offers non-recourse factoring for Texas machine shops to help them keep running smoothly.
Where Could You Use an Immediate Influx of Cash?
Where could you use an immediate influx of cash right now in your Texas machine shop? Do you need to meet payroll this week or purchase materials for a large job? How about meeting the regular monthly utility expenses or insurance premiums? What about immediate maintenance needs? JOBE Services, Inc. is based in Humble, TX and we support Texas businesses. For a small fee, we’ll buy your outstanding invoices for cash, giving you the money you need now; we’ll collect what you are owed from your creditors.
There is no catch – we have no hidden fees, long-term contracts or surprises down the road. You can use our factoring services once in a while when needed (like now), occasionally when things get slow or as a regular part of your accounts receivable protocols. It’s up to you how to best use our services.
Call us at JOBE Services, Inc. today and let us help your Texas machine shop keep the machines and tools running steadily with non-recourse factoring in Houston, Fort Worth and all across the Lone Star State.