Keep the Money Flowing in Your Texas Startup
Now more than any other time in history, entrepreneurs are seeking to launch new startup businesses. The possibilities created by the Internet have sent new startups soaring. Here in Texas, we do things BIG, and that means launching a startup with plenty of initial resources. The struggle, as with all new businesses, is how to keep the cash flowing steadily until growing profits can be maintained.
Factoring for Steady Startup Cashflow
Startups are like many service businesses, in that they often work on an invoice-after-services-rendered basis. Sometimes these invoices can be for 30 days, 60 days or even 90 days. That is a long time to wait for your money. And unfortunately, your business expenses arrive on a more frequent schedule – often monthly.
That means your startup needs a steady flow of cash to cover needs like:
- Purchasing stock or materials
- Paying employees or contractors
- Equipment rental or expenses
- Other expansion costs
The worst possible move you could make with your Texas startup is to take out a short-term loan to cover necessary expenses. This can easily turn into a deepening hole of debt that could strangle your business before it really becomes self-sustaining and turns a steady profit.
There is a better solution.
Non-Recourse Factoring from JOBE Services, Inc. in Texas
Non-recourse factoring from JOBE Services, Inc. in Humble, Texas, is the solution you need to keep the cash flowing in your startup business without borrowing cash or harming your credit. We pay you now for outstanding invoices, minus a small fee. No waiting 30, 60 or 90 days for your clients to pay. Cash in those invoices after we approve them, get your money when you need it (now!) and we collect from your clients.
- Factoring is NOT a loan
- There is NO credit check
- There are NO long-term contracts
- There are NO hidden fees
- There is NO funny business
And, with non-recourse factoring, we assume the risk of your clients defaulting on payment. If we approve your invoices, pay you and then your client doesn’t pay, you are still in the clear: you owe us nothing. How’s that for no risk?
Contact JOBE Services, Inc. in Humble, TX today for more information about non-recourse factoring for your Texas startup business.