We know and feel very comfortable funding the Cable and Telecommunication installation business.
We have enough experience to deal with account debtors like AT&T, Cox Communications, Comcast, Time Warner, as well as others. Knowing their method of payment to factors is very important in making the funding process smooth. 1st Commercial Credit has supplied account receivable-based financing to cable and telecommunication businesses for over 20+ years.
The process is simple to apply and you can get funding in 3 to 5 working days.
We can help you manage the wild swings in cash flow by getting you your money now; not waiting 30, 45 or 60 days. Your suppliers get paid quickly, so that you can negotiate the very best pricing. In many instances, the ability to take discounts and get better material pricing has made up for the cost of factoring.
Factoring companies offer financing services to small and medium-sized businesses. Telecom factoring provides companies with a cash flow solution by turning a company’s unpaid invoices into same-day cash. The process involves selling your receivables, also known as outstanding invoices, to a factoring company in exchange for immediate payment. The cash-flow gap caused by slow-paying customers is alleviated by using this form of financial solution.
Telecom invoice factoring is a debt-free form of financing providing fast cash to fulfill pressing and ongoing expenses such as bills, meet payroll, invest in new business opportunities, and more. 1st Commercial Credit provides invoice factoring to telecom businesses and can make the process simple and straightforward.
1st Commercial Credit can provide you the cash resources that fuels your business through our Cable Construction A/R financing programs.
Running a business in the cable and telecom industry is challenging, especially in a sector where technological developments move at a fast pace. Cable and telecom companies need to meet a specific average revenue per user, stay competitive and be ahead of the competition with their technology and offerings.
The pressure of competition and the high costs associated with tech development will cause many companies in this sector to struggle with cash flow. Fortunately, 1st Commercial Credit is here to help with a financial solution for companies in this situation, known as telecom invoice factoring.
Telecom factoring is a debt-free form of financing for companies struggling with low cash flow. These companies must typically issue invoices that will be paid within 30 to 120 days. Thanks to invoice factoring, telecom companies can have access to cash a lot sooner and take advantage of growth opportunities.
The businesses that benefit the most from telecom factoring include telecom suppliers and small- to medium-size companies. Companies that work with large telecom providers will find factoring services advantageous. These large telecom providers are well-known for their long processing time for invoice payment. Telecom invoice factoring is the best financial solution for small and medium telecom service providers relying on incoming payments for cash flow. This form of financing will provide companies the flexibility and ability to grow their business.
Even though telecom is a growing and thriving industry, it is also highly competitive. Therefore, it is just as tricky for businesses to stay in the market as to enter the market. Because of this, telecom invoice factoring can benefit all types of telecom companies and services.
Companies can use the cash provided by invoice factoring to cover the following costs in the telecommunication industry:
Some other benefits for telecom companies:
With invoice loans, telecom companies will have the opportunity to grow and focus on being competitive. 1st Commercial Credit is the best financing partner for any telecom business looking for funding. We also offer purchase order finance and accounts receivable loans.
How to evaluate factoring companies for small businesses?
Factoring companies are not always the right fit for every type of business. Therefore, it is the right fit when your business is facing difficulties paying suppliers, keeping fixed overhead afloat, or having troubles making payroll due to sales on credit terms. Another pain point that shows that your manufacturing firm needs factoring is when it can't attract new clients because it can't offer credit terms your clients require.
Accounts receivable financing is an alternative financial solution many cable, telecom, and wireless businesses use to alleviate cash-flow issues. For example, 1st Commercial Credit purchases a company’s invoices issued to their customers and turns them into a competitive advance on the invoice face value. The cash is deposited directly into the company’s bank account within 24 hours or less. When the customer pays the invoice in its entirety, the factoring company will pay the remaining balance after deducting a small fee.
Telecom companies turn to invoice factoring for telecom financing because they need working capital to continue running their businesses. Having to wait weeks or months for payments can be challenging, especially when bills such as insurance, payroll, and daily operating costs are due and piling up. This type of industry where dealing with slow-paying customers is common will rely on factoring services to keep their businesses alive and meet daily expenses.
Instead of applying for a business loan or business line of credit, telecom and wireless contractors choose factoring for fast cash that can be in their hands within 24 hours. When dealing with traditional bank loans, it can take months to get financing. Factoring is a quick and reliable alternative to banks. In addition, the amount of available capital grows as the business sales grow.
The telecom and wireless companies find themselves in the most competitive industries across the United States, and 1st Commercial Credit can provide the funds needed to thrive and succeed in this sector. As a result of the continuously evolving industry, telecom contractors are currently facing both challenges and opportunities. Accounts receivable financing improves cash flow by providing immediate cash on outstanding customer invoices. Instead of making you wait days, weeks, or even months for payment, accounts receivable factoring gives you money today.