Is your security guard company growing faster than your operating capital?
At 1st Commercial Credit, our accounts receivable financing service is a fast source of funds for the Security Guard Industry. We simply consider your accounts receivable as the collateral and advance funds against the face value of your invoices. The receivable credit line grows proportionately with your sales cycle and we can fund as little as $10,000 a month and up to $10 million for larger security guard companies.
Receivable Factoring for the Security Guard Industry
Most of our clients that come to us are taking on more accounts, or their existing accounts are asking for more guards on call and puts them in a cash flow squeeze. Although some of our clients invoice weekly, their average collection cycle is 35 to 60 days from date of invoice.
By financing receivables or using our asset based financing solutions, we can fund existing invoices or newly generated invoices within 24 hours.
Security guard agencies use this type of financing to increase their cash flow for daily expenses. There is no need to borrow money if you have uncollected receivables from good credit worthy accounts.
If your business would benefit by converting your accounts receivable to working capital, we can help. Get initial funding in 3 to 5 working days. No financials needed, No up-front fees to set up, it is that easy.
There are plenty of reasons why 1st Commercial Credit stands out from all other financial institutions. Our offers put your interest above all else.
Factoring Receivables for Security Guard Agencies is a Quick Process:
Financing Security Companies for as little as $10,000 a month and up to 10 million for larger companies
Why do Security Guard Companies benefit by financing receivables with us?
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.
$500,000 | Invoice Factoring for Security Alarm Installer