Protect Your Credit with Factoring

Cashflow problems in your Texas small business can create a dilemma. Where do you turn for the extra cash you need for temporary shortfalls? An all-too-frequent course of action is for smaller businesses to seek short-term loans. Many shady loan agencies exist for just such problems, to take advantage of hurting business owners. This can place your business’ credit rating in jeopardy, endangering your prospects for future growth. Factoring is a better option when you need cash now.

Factoring is Not a Loan

Borrowing money from a storefront short-term loan shark is bad for your business. These companies charge huge interest rates and can have excessive fees. Plus, this loan company reports to the major credit bureaus, placing a mark against you that can remain for a long time. Many of these companies are quick to report that you took out a loan, but are slow to report when you pay it off. It’s not uncommon for a business to attempt a loan for expansion, only to be denied because of a mark on their credit from one of these shady places.

Plus, even applying for a short-term loan requires a pull on your credit that shows on credit reports and lowers your credit rating. Just a few pulls can lower your score by 20 points or more. This can take considerably more time to overcome and raise back to respectable levels.

Factoring is not a loan, so there are no credit pulls and no reports of a loan to the credit bureaus. Factoring doesn’t bank on your credit at all – we depend on the reliability of your creditors, the people with whom you do business on a regular basis.

Safe, Non-Recourse Factoring with JOBE Services, Inc.

JOBE Services, Inc. has been serving local Texas businesses since 1996. Our safe, legal and completely ethical non-recourse factoring gives you cash now for your outstanding invoices. For a small fee, you get your money fast to keep things moving at the speed of business. There are:

• NO long-term contracts
• NO hidden fees
• NO credit checks
• NO questionable practices

Why not investigate factoring as a means of getting the operational cash you need and protect the credit of your business? Call JOBE Services, Inc. today for more information.