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Unlock Working Capital for Business Growth
CELL TOWER MAINTENANCE FACTORING
Get Working Capital for Cell Tower Business
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.
What Is Cell Tower Factoring?
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.
Types of Cell Tower Maintenance Commonly Factored
- Structural inspections & repair
- Cleaning & adjusting antennas
- Repairing equipment
- Drone inspections
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.
Our Process
STEP 1
Apply
Complete form & become a Riviera client
STEP 2
Service
You deliver your products or services
STEP 3
Send
Send your invoices to Riviera Finance
STEP 4
Get Paid
Riviera verifies & pays you within 24 hours
Factoring: An Alternative to Bank Loans
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.
How Does Cell Tower Maintenance Factoring Work?
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.
- Apply Online. You will fill out the online application and submit the necessary documentation for your business.
- Complete Your Business. Provide your customers with cell maintenance service as usual.
- Submit Invoices. Submit any invoices you want to factor with the factoring company.
- Get Paid in 24 Hours. You will receive 90% of the invoice’s value within 24 hours of verification.
- Payment Collection. Your clients will submit payment to the factoring company and the factoring company will manage this collection of payment.
- Complete Invoice Payment. The factoring company pays you the remainder of the invoice value with a small factoring fee deducted.
Benefits of Invoice Factoring
Riviera Finance works with a variety of companies in the US and Canada to help them maintain cash flow and meet weekly financial demands.
Immediate Cash
Our process is built around immediate response to client needs, and the best cash turn around in the industry.
Quick Credit Checks
Receive Credit Checks on Your Customers
Low Risk
Competitive Rates and No Hidden Fees
Financial Freedom
No Debt is Created
Bad Debt Protection
Riviera takes on all the credit risk!
Get Started
Complete the form for a Free Consultation.
Advantages of Cell Tower Factoring
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.
- Easy to qualify for. Banks look closely at your credit history, so smaller and newer businesses may not qualify. Factoring companies look at your client’s credit rather than yours. The primary requirement for invoice factoring is that you have clients who pay you via invoice.
- Quickly acquire working capital. Fast access to cash gives your business an edge, allowing you to function seamlessly. During months when clients pay slowly, you’ll have less stress about meeting business expenses.
- It helps your business grow. Factoring invoices gives you access to capital that lets you invest in the resources you need to grow. For example, you may be able to hire additional employees or invest in equipment upgrades.
- You have a partner to help with collections. Factoring means your staff has fewer collections to worry about. When you factor an invoice, your clients pay the factoring company rather than you. You don’t have to send reminders or call clients about these invoices.
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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Why Work with Riviera Finance for Cell Tower Receivables?
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.
- Dedicated team with direct numbers and emails to personally manage your account
- 24/7 access to ROAM -Riviera Online Account Management system where you can access all of your account information
- Automated invoice uploader tool
- Invoice payments processed and posted
- Detailed management reports customized to your needs
- Real-time alerts for important issues such as payment issues, returns and disputes
- Flexibility to choose what invoices and when to factor with no monthly minimums
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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