Need to make sure your cash flow keeps flowing? Service industry invoice factoring might just be the solution you’re looking for. Marathon provides funding to service based businesses such as janitorial services, event planning, furniture installation, fulfillment, transportation, recruitment, and delivery services. These labor intensive businesses are often cash strapped for payroll and can benefit greatly by gaining access to funds tied up in their receivables.
Because service industry factoring is based on your outstanding invoices for work you’ve already performed, this type of funding is not technically a service industry loan. It’s up to you how many and which invoices you choose to send us.
Service Industries Funding Benefits
New business? No problem. Marathon provides service industry funding for everything from start-ups through established businesses. What’s more, Marathon funds all credit risks, without long term contracts, tax returns or proof of profitability. We want to make sure you can get the cash you need today to take advantage of expanding into new markets, extend credit to more customers, meet payroll on-time every time, and accelerate your growth.
The major benefits of choosing Marathon Financial for your service industry factoring include:
Speed – You can receive funding within 24 hours of approved invoices – you don’t have to wait 30, 60 or 90 days to be paid.
Expertise – Marathon has been providing funds via invoice factoring to B2B, B2C and B2G service industry businesses since 2005.
Privacy – We know how important it is to maintain your relationship with your customers and cultivate their trust. We make privacy and professionalism our top priorities in dealing with your customers.
How does Service Industry Factoring work?
With Marathon, getting the funding you need to keep your business going strong is a straightforward process with three basic steps:
Step 1: Send Invoice(s)
Choose the invoices you want us to use for factoring. You can choose one, a few, or several, and then send them to us for funding.
Step 2: Receive the funds
Once we have the invoices, we run a credit check on your customers. Then we confirm completion of work, and after that we can fund you immediately.
Step 3: Customer payment
Once your customers pay their invoices, we pay off the portion advanced minus our fee. Then we will rebate the balance to you. It’s that easy!
If your otherwise creditworthy customers are taking their time paying, don’t risk missing payroll or delay paying your bills! Marathon can get you the funds you need today at an affordable rate. Call us today at (800) 647-0850 or click here to request a free quote on service industry factoring from Marathon Financial.