Entertainment Industry Benefits from Accounts Receivable Financing
If your company did not have to wait for their invoices to pay would that help your business? People in the entertainment industry “above and below the line “often have to wait a while to get paid. Creative professionals, catering companies, rental companies to production houses all have to wait to get paid. Typically royalty payments often take months to get paid while their business suffers. These cash flow challenges may get smoother over time but cash flow struggles often restrict a companies growth to take on new business, meet payroll on time, or give you peace of mind to focus on the job at hand. Marathon would like to show you how we can help.
When your company is growing and your sales are accelerating, it should not all be stalled because you are not get paid on time. Marathon’s has cash flow programs to relieve your worries and give you the control of cash-flow along with the peace of mind. Accounts receivable invoice factoring are terms used to describe the practice of a business selling outstanding accounts receivable invoices to a factoring company in exchange for immediate cash.
Businesses involved in the entertainment, media, and film industry can qualify for invoice factoring if:
- The business has accounts receivable invoices that are outstanding.
- The business’s customers are creditworthy (Marathon will run credit history as a courtesy).
Unfortunately, orders and income are always not on the same schedule. Payrolls have to be paid, bills have to be paid on a regular schedule! People choose Marathon Financial over other entertainment factoring companies because we’re able to customize our programs to fit a variety of business and financial situations. From start-up companies to companies that are growing rapidly, it’s important to have steady cash flow to keep up with your business obligations.
If you’re waiting on slow-paying customers, we can help you. It doesn’t matter if you were turned down by a bank because of credit, tax liens, judgements or are going through a business bankruptcy, Marathon looks at the credit history of your customers to qualify their deals.
Benefits of working with one of America’s most trusted factoring companies:
One of the major benefits of dealing with Marathon Financial is speed – we can have you funded within 24 hours of approved invoices. We understand your privacy and the trust you have built up with your customers, so we will work with you to design a notification process for your customers.
We have worked with clients in the entertainment industry, media, talent and music related businesses for over 10 years. We understand the need for working capital to keep your business going and growing by smoothing out cash flow bumps from slow paying debtors.
Don’t miss payroll or damage your credit further by putting off bill payments. If your customers are slow to pay but creditworthy, Marathon is an excellent and affordable solution. To request a free quote, call us today at (800) 647-0850. You can also request a free quote by clicking here.