Commercial Landscaping FactoringCommercial landscaping is an industry that will never go out of style, what with the ever increasing demands from many sectors both private and public. As long as your local government could not get enough of renovations and development in terms of urban planning, you would see how big a profit could be derived from such a business. However, big gains require big initial cash outlay, and many companies, start-ups in particular, do not have access to such luxury. There is no need to worry, however, because there is a solution.
What is Invoice Factoring?
Invoice factoring is when a factoring company offers to advance up to 90% of the face value of your clients’ invoice for you, which means that you would no longer have to wait for weeks or months before the payment is liquidated. The factoring company would then be the one to wait and collect payment from your clients for a small fee deducted to the cash that you are bound to receive from them. Invoice factoring is a common method utilized by companies in dire need of fast cash and remains popular because the procedures in securing one is not stringent compared to that of a traditional bank loan which would involve a lot of paperwork, not to mention exorbitant interest rates. You also won’t be needing any form of collateral for invoice factoring, as it is your clients’ reputation and credit history that is used as basis and not your own.
How Commercial Landscaping Benefits from Factoring
Soil, flowers, manpower, fuel for mowers and maintenance cost money. Landscapers come to Neebo capital because their customers pay net 30, or net 60. In the meantime capital is needed to do the job right.
As already mentioned, this industry requires a rather huge amount of initial cash overlay to cover the costs of equipment and their maintenance. You would also need a large sum for the development of human resources: training sessions, benefits, and payroll, among others. Not every company would have a steady amount of capital at all times, though, which means that a loan would almost always be necessary to begin.
On the other hand, when it comes to invoice factoring all you need is to close a deal with your client and get the payment right away by virtue of the invoice and with the help of an invoice factoring agency. After that, you could then proceed to purchase whatever materials you need without having to wait for your clients’ cash payments..
NeeBo Capital provides invoice factoring services with rates starting at just around 0.59% to 1.5% for flexible terms of 30 days or more. The amounts that could be availed of in flexible terms range from USD5k to USD10 million. Customers from the field of commercial landscaping are not at all uncommon to NeeBo Capital, as the company is well aware of the large demands of capital involved in running such a business. As such, it is rest assured that your needs would be met with the satisfactory customer service and added perks that your business truly deserves.
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Why Choose Us?
Rates at 0.59% - 1.5% for 30 days
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|Purchase Order Financing||Accounts Receivable Financing||Asset Based Lending Options|
General Articles about Accounts Receivable Financing and Factoring:
» 08/01/2012 Debt Financing or Off Balance Sheet Financing?
» 09/15/2011 What to know when selecting a Factoring Company
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