The Conference Board, a nonpartisan, nonprofit entity that routinely analyzes economic indicators released a report on June 13, 2024, that doesn’t bode well for small businesses.

The report indicates that inflation and high interest rates have plagued the U.S. economy since early 2023 and contributed to a weak start in 2024. Spending is down and will further reduce as the economy slows throughout the remainder of the year. Interest rates may come down, but will still be higher than pre-pandemic averages.

Cash Flow Problems in a Tough Economy

We understand that cash flow is the lifeblood of any business. A positive cash flow means enough liquidity to cover your business’ liabilities. However, we also understand that maintaining a good cash flow can be a struggle in tough economic times. Even if you serve other businesses and not consumers directly, less consumer spending trickles down through your clients to impact your company.

This threatens your:

• Operating expenses
• Equipment maintenance or upgrades
• Payroll
• Tax payments
• Supply chain
• Insurance premiums
• Business value for loans
• Opportunities for expansion

If you are a service business that issues invoices for payment after services are rendered or products are delivered, waiting for invoice payments can seriously crimp your cash flow.

How Can Factoring Improve Cash Flow?

Factoring is a financial transaction in which your business sells its outstanding invoices to a factoring company like JOBE Services, Inc. for a small fee. We then take over the responsibility of collecting your outstanding payments from your customers, providing your business with quick cash for its immediate needs.

What are the advantages of factoring with JOBE Services, Inc. in Texas?

• Quick cash: Factoring provides immediate cash to your business.
• No debt: Factoring is not a loan, so your business does not incur any debt.
• Outsourced collections: Factoring eliminates the need for your business to handle collections, saving time and resources.
• Credit protection: We offer non-recourse factoring, which means we assume the risk of non-payment by your customers.
• No funny business: JOBE Services factoring has no hidden fees, no long-term contracts, no minimum on invoices or dollar amounts and no outsourcing to big banks.

Best of all, your small or medium-sized business enjoys improved cash flow. Converting your accounts receivable into cash allows you to meet your obligations, invest in growth opportunities and more.

How Can I Get Started?

Call JOBE Services, Inc. at 281-540-7601 and speak with a team member about your current business cash flow needs. After the initial application, approved invoices can be accepted and funded as quickly as the same day. We also offer convenient online desktop and mobile account access solutions and multiple funding options to fit your needs and preferences.

Factoring with JOBE Services, Inc. in Humble, TX, is as easy as 1-2-3:

1. Apply and submit your invoices for approval.
2. We decide to purchase your invoices for funding within 24-48 hours.
3. Approved invoices receive fast funding by wire, direct deposit or check payment.

Non-recourse factoring is a quick and reliable solution for businesses that need a fast cash flow boost. Contact JOBE Services, Inc. today to learn more.