Unlock Working Capital for Business Growth
With the continued expansion of 5G networks, cell tower maintenance is a crucial service with growing opportunities. If your business provides cell tower maintenance services, your cash flow depends on your customers paying invoices promptly. Most often, cell tower maintenance contractors are paid sometime between 30 to 60 days, or longer. This can cause disruptions in your working capital as you wait for payments. Cell tower maintenance factoring can be a good solution to your financing needs.
Cell tower maintenance factoring is a financial service that helps businesses acquire the financing they need without having to take out a traditional loan. With invoice factoring, you sell your outstanding invoices to a factoring company. This means you can collect payment right away, at completion of job, rather than waiting for your customers to pay. When you sell your invoices, you receive a large percentage of the invoice’s value upfront. This figure is usually 80% to 90%. When your clients pay the factoring company, you’ll receive the remainder of the payment with a small fee deducted.
Maintaining healthy cash flow is one of the biggest challenges of any business. Let’s look at how you can boost your cash flow with telecom factoring.
When businesses need financing, the first place they usually turn is to traditional banks. While bank loans can be useful, they are not the only type of financing available. There are downsides to bank loans that make factoring an attractive alternative. While it can take many months to get approved and receive loans, with factoring you can receive money in as little as 24 hours. Another downside of loans is that they increase your company’s debt. Since factoring is not a loan, you can get financing without taking on any debt.
Invoice factoring for your cell maintenance company is one of the simplest ways to gain access to the funding you need. The following are the main steps you’ll have to take.
Riviera Finance works with a variety of companies in the US and Canada to help them maintain cash flow and meet weekly financial demands.
Our process is built around immediate response to client needs, and the best cash turn around in the industry.
Receive Credit Checks on Your Customers
Competitive Rates and No Hidden Fees
No Debt is Created
Riviera takes on all the credit risk!
Complete the form for a Free Consultation.
There are several advantages to using cell tower maintenance factoring when you need working capital. Here are a few of the main reasons we hear why cell tower companies prefer this type of alternative financing option.
Cell tower factoring can be a powerful tool to help your business get financing and grow faster. If your company needs fast access to working capital, you should consider invoice factoring.
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Riviera Finance is a leader in invoice factoring with more than 50 years of experience working with companies like yours. Our professional, experienced team combined with our online tools makes managing your cash flow and accounts receivable simple. Here are some of the services we offer to help you grow your business while enhancing your cash flow.
Factoring for cell tower maintenance providers can make a big difference in helping your business improve cash flow, meet expenses, and continue growing. To learn more about how you can benefit from cell tower receivable factoring, contact Riviera Finance today.
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