The invoice is verified and then the advance is funded, typically 90% of the invoice depending on the credit worthiness of your customers. Funds will be advanced within 24hrs. following verification of the invoices. This is usually completed the same day that they are received. The balance of the advance is called the "Reserve". The reserve is held back until the customer pays the invoice in full.
Society’s security is experiencing threats, tensions, and unease in an ever-growing dangerous world and causing serious risk to peace in today’s world. Because of this exact reason, the demand for security guards from companies and the government is overgrowing.
Security guard agencies find it more complicated to train and provide professional security guards in a modern and evolving high-tech world. The cost to recruit and train new security guards to offer protection has been increasing over time. Companies in this industry need to figure out a way to continue growing their business and still meet the demands of their customers. 1st Commercial Credit can help businesses in this predicament by providing financing for the security guard sector via specialized financing programs.
There are many forms of financing for a business. Still, the fastest, most convenient, and accessible way to obtain funding without taking on any extra or recurring debt is to factor in your invoices. Invoice factoring for security guard agencies involves selling your invoices to 1st Commercial Credit. After you have delivered your services, an invoice will be sent to your customer, who will then send you the payment for that service.
In this industry, payments can take anywhere from 30 to 90 days to come, so rather than waiting to get paid, you can send 1st Commercial Credit a copy of that invoice. After we verify it, we will advance the funds within 24 hours. It is that simple, we advance you the cash you need today, and your customers pay us directly. Many companies and industries benefit from accounts receivable loans. This type of financing application and approval process is far easier to obtain than any bank loan.
1st Commercial Credit is a cash flow lending company that can assess your business situation and provide you with various funding options for your particular needs and goals. We have earned the reputation of being an experienced company that factors a company’s receivables in a reliable and fast manner. We offer competitive financing rates for every industry and make prompt decisions. If you are a security guard firm working with government contracts and are struggling to make ends meet because of slow payments, we can help.