Financing Security Guard Companies
0.69% to 1.59%
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Accounts Receivable Finance is our Business
Invoice Factoring for Security Guard Companies
Factoring for security guard companies is a financial service that helps them improve cash flow by selling their unpaid invoices at a discount to a factoring company such as 1st Commercial Credit.
Invoice factoring allows security guard companies to get immediate access to working capital without waiting for clients to pay. It helps cover expenses like payroll, equipment, and other operational costs while reducing the stress of managing delayed payments.
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.
1st Commercial Credit offers advanced software tools to support security guard companies, including features for managing time clocks with automated timesheets, staff scheduling, geo-tracking, field reporting, invoicing integration, and automated funding schedule submissions.
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Is your security guard company growing faster than your operating capital? 1st Commercial Credit provides the following factoring benefits:
Fast Approval Process
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3 to 5 Day Initial Setup
Rates from 0.69% - 1.59%
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We offers receivable finance for manufacturers experiencing working capital shortages
Fast Approval Process
3 to 5 Day Initial Setup
Rates from 0.69% - 1.59%
Is Your Security Guard Company Experiencing More Sales On Credit Terms?
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 just 3 to 5 working days
- No financial statements required
- No up-front fees
There are plenty of reasons why 1st Commercial Credit stands out from all other financial institutions. Our offers put your interest above all else.
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Financing Security Companies: From $10,000 to $10 Million
At 1st Commercial Credit, we offer tailored financing solutions for security companies, providing funding from as little as $10,000 a month up to $10 million for larger businesses.
Whether you're a small security firm or a large enterprise, we’re here to support your growth with flexible and efficient financing options. Here's what you can expect:
- Credit Line Based on Receivables: Your credit line is determined by a percentage of your eligible accounts receivable, ensuring you get the funding you need based on your actual business performance.
- Transparent Financing Fees: Our fees are straightforward and easy to understand, with no hidden costs.
- Fast Invoice Funding: We fund your invoices within 24 hours, so you can maintain smooth operations without delay.
- No Need for Bank or SBA Loans: Eliminate the hassle of traditional bank loans or SBA loans; our financing provides a more flexible solution.
- Quick Funding: Receive your funding in just 3 to 5 working days, giving you access to capital when you need it most.
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What is needed to finance a Security Guard Firm?
Financing your security guard firm is straightforward and efficient with our tailored solutions. We simplify the process by advancing funds based on your invoices, ensuring you have the capital needed to manage daily operations smoothly.
- Submit Invoices with Proof of Performance: Provide us with the original invoices and corresponding proof of performance, such as time sheets. Note that services must be completed before funding can occur.
- Due Diligence: We conduct a thorough review of any liens and pending lawsuits against your company before proceeding with funding.
- Direct Payment to Us: Your customers will pay the invoices directly to us. Once we receive the payment, we will transfer the remaining funds to you, minus the discount fee.
- Flexible Fund Transfer Options: Choose how you’d like to receive your funds—via wire transfer, ACH, or check.
- Easy Credit Approval: For new accounts, we require only the customer’s name and address for credit approval.
After verifying the invoice, we advance typically 90% of its value, based on the creditworthiness of your customers. This advance is generally funded within 24 hours and often on the same day we receive the invoice. The remaining amount, known as the "Reserve," is held until the customer pays the invoice in full. This ensures you receive the capital you need while we manage the payment process.
Why do Security Guard Companies Benefit by Financing Receivables with us?
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Can Security Guard Factoring Solve Your Cash-Flow Problems?
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.
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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.
factoring vs Traditional Bank
When it comes to financing options for growers, factoring and traditional bank loans each offer different advantages. However, factoring often proves to be a more suitable option for growers due to the unique challenges of the agriculture industry.
Business loans from a bank have strict requirements to apply. They are usually paired with a complicated and time-consuming process. Banks demand an almost perfect personal credit and also ask for business collateral. Even if a company manages to qualify for all these requirements, the final approval and access to cash can still take several weeks or even months.
In summary, here are the main 5 difference when comparing a bank loan to factoring invoices:
- No collateral is needed
- Fast application and approval process
- High probability of approval
- Low credit score admitted
- Quick cash - enhanced cash flow
Security Guard Factoring Cost (Rates and Fees)
When considering factoring services for your security guard company, understanding the costs involved is crucial. At 1st Commercial Credit, we offer competitive and transparent rates, ranging from 0.69% to 1.59%. These fees reflect the flexibility and speed of our cash flow solutions, ensuring you can access the funds you need promptly and without hidden costs. Whether you need immediate capital to cover payroll, manage operational expenses, or invest in new equipment and personnel, our factoring rates provide a cost-effective way to enhance your company's financial stability.
FAQ About Security Guard and Factoring
Customers will pay their invoices directly to us. Once we receive the payment, we will transfer the remaining funds to you, minus the discount fee. This ensures that you receive the capital you need while we handle the payment collection process.
Factoring provides immediate access to cash, improves cash flow, and alleviates the stress of waiting for payments. It also helps you cover essential expenses like payroll and equipment, allowing you to focus on growing your business without financial interruptions.
