Protection is what all security companies are about, but how much protection do you have when it comes to addressing possible cash flow deficits? Many security guard companies are very lucrative businesses, but the very nature of the industry makes them highly unlikely to qualify for traditional types of business loans since their employees are their biggest business assets.

Security Guard Invoice Factoring

This is where United Capital Funding security guard factoring can be used to smooth out cash flow peaks and valleys, particularly those often challenging middle month payroll requirements. Like any type of staffing company, security companies also have additional funding needs, and we are here to provide that funding by factoring your open accounts receivables. Security guard invoice factoring is a funding method that could give your company the breathing room it needs to grow and still pay employees in a timely fashion.

Flexibility

Unlike some of the security guard factoring companies, we understand you may not need our services every month. This is why we don’t require any long-term contract; rather we work with you on a month-to-month basis. We also don’t have any monthly minimum volume requirements, and we have the ability to factor into the millions of dollars as your business grows.

Additionally, even though we have the highest customer ratings, we also don’t charge a termination fee if you wish to stop using our services. Many security companies find that once they have multiple contracts with different payment dates, cash flow tends to even out and those times of limited income decrease, allowing the company to have the funds on hand they need without factoring.

No Debt

Unlike a business loan, a line of credit, or some type of high-interest financing option from a non-traditional lender, factoring doesn’t result in any debt of the company. This is because the funding is provided as an advance on work already completed.

As the factor, we will purchase your accounts receivables, and then we assume the responsibility for collection from those businesses or entities you have provided services to. We advance about 80% of the accounts receivable and reserve 20%. This advance will happen in just days from your application approval.

Once your customer repays us as per the terms of the invoice, we will deduct our fees, which you will know in advance, and then provide the residual amount into your business account.

As this is not a loan, and you are not borrowing money on future security guard services, there is no risk for your business. Additionally, there is no repayment plan to schedule, and there is never any interest on the amount you are funded.

Keep in mind this will also make bookkeeping for the business a lot easier. Should you choose to sell your business or bring in investors, your business will be debt-free by using factoring, whereas with a traditional loan that will be reflected on the books as well as profit and loss statements.

Issues with Credit

We understand that sometimes in the challenging world of security, companies have times when they have made late payments, and this may impact their credit score.

With security guard factoring it is essential to understand that we don’t review your company score as part of the application process. Instead, we spend our time completing due diligence on your customers, as these will be the businesses we will be working with to close the invoices you factor through United Capital Funding.

Our almost two decades of providing factoring services to the security industry gives us the experience and the knowledge of the main customers throughout the country. As a truly national factor, we can quickly and effectively review the creditworthiness of your customers, allowing us to approve your application and generate an agreement for your review within 24 hours. We're extremely comfortable with every aspect of security guard invoice factoring.

On Your Side

As a factoring company, we see our services as a partnership between your security guard business and our company. In our role as your factor, we will manage the invoices we hold, freeing up your staff to work with your other clients.

We will also provide additional financial services to assist you in making the right decisions to expand and grow your business, or perhaps even move into new markets and locations.

Let the security industry experts at United Capital Funding help you get started with your application today. Call us at 877-894-8232 or use the application on the website to start accessing the funds you need immediately.