Do you need an infusion of cash for your business in Cypress, TX? Cash shortages can occur, regardless of whether or not your company is profitable. Invoice factoring can offer a solution to cash flow issues, giving your business the cash it needs immediately. If you are looking for a factoring company in Cypress, TX, contact our financial experts at JOBE Services Inc.
Accounts receivable or invoice factoring offers a creative option to solve cash flow problems. Waiting 30+ days for payment on outstanding invoices can leave your company short on cash for payroll, supplies, new equipment or other expenses. Factoring uses your invoices as collateral for cash advances. At JOBE Services Inc., we buy your invoices and manage your accounts receivable, giving you cash now and reducing your collection responsibilities.
How Factoring Works
There are different types of invoice factoring. Some factoring companies offer to fund part of your invoices until the payments are received for your customers. However, you may be liable for the full amount of the invoice, if your customers do not pay their invoices. At JOBE Services Inc., we offer non-recourse factoring. We pay you for the invoices submitted and approved for factoring and reduce your credit risk liabilities. Our team manages the accounts receivable you submit and alerts you when your customers pay their invoices.
When you use our factoring service, you can receive your funds the same day that your invoices are approved. Our professional team will manage your accounts receivable and collect payments from your customers. There are no upfront or processing fees or minimum requirements. You can use our service for intermittent cash infusions or on an ongoing basis. Lastly, we have no annual contract, which means you avoid automatic contract renewal. We feel we should earn your business, not tie it up in a contract.
JOBE Services Inc. works with small to mid-size companies in various industries, including manufacturing, commercial cleaning, trucking and all types of startups. To learn more about how our factoring company can help your business in Cypress, TX, contact our team for information.