As a business owner, you may be familiar with the concept of factoring but have never really considered it as something that would fit your business needs. Awareness is not the same as understanding, so JOBE Services, Inc. wants to provide you with more information to help you answer the question, “Is factoring right for my business?”
The Facts About Factoring
Factoring is a financial management option for businesses that provides immediate cash for operating expenses without the necessity of taking out a loan or liquidating important assets. Factoring simply allows you to sell outstanding invoices for services already rendered in order to get the funds coming to you now instead of later.
JOBE Services, Inc. buys these invoices from you for a small fee and pays you what your clients owe you right now. Since many businesses operate on 30-, 60- or even 90-day invoices, cashflow can become a problem while waiting for payments to be made. Factoring eliminates that stop in your cashflow and allows you to get the money you need to conduct business now.
Who Can Benefit from Factoring?
JOBE Services, Inc., based in Humble, Texas, provides ongoing, one-time or as-needed factoring services for a wide variety of small and medium-sized businesses. Some of the industries we serve include:
- Fleet maintenance companies
- Trucking companies
- Machine shops
- Manufacturing companies
- Commercial cleaning services
- Commercial maintenance companies
- Oil & gas companies
Virtually any business that performs services and invoices for later payment can benefit from factoring to keep the cash flowing. JOBE Services Inc. offers factoring services with no hidden fees, no long-term contracts and no minimum dollar amounts or numbers of invoices; just non-recourse funding from a locally-based company.
Use our factoring services when you get in a pinch, on occasion when payments are slow or as a regular facet of your accounts receivables strategy. Pricing is the same and you are not locked into any agreements over time. We are here to serve businesses that serve Texas and America, not add to your burdens.
Call JOBE Services, Inc. today at 281-957-2833 to inquire about our factoring services and how they can be the right fit for your business.