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Janitorial and cleaning company invoice factoring and accounts receivable. We understand the cash flow challenges that janitorial and cleaning companies face daily and how time-consuming it can be to find the right funding option that can offer the right solution to help them move the business forward. Our funding products which include invoice factoring accounts receivable financing and line of credits are flexible for those reasons.

Our decision makers will work closely with you to put together the right facility for your business, which include one of the lowest factoring fees in the industry and high advances on your receivables.

Factoring allow cleaning companies to focus on what you do best; product quality, sales, customer service and growth, and we focus on what we do best, assuring that their cash flow continues on a steady pace.

THE PROCESS IS A SIMPLE ONE

• Simple application via email (get approved)
• Documents signed
• Submit invoices (invoices verified)
• Funds are deposited into your bank account

Below are a few of the other advantages:

• Hassle-free application to funding process
• Non-recourse factoring (we assume the risk for non-payment by any customer we are factoring for you)
• Protection from bad debt with our non-resource option
• Receivables line of credit option (more information below)
• Factoring in the millions for your company's continued growth
• Facilities tailored to fit the funding requirements of our client
• High advances on receivables
• Very competitive and attractive rates
• Flexible terms
• Complete access to your account via our secured online portal
• Perform free credit checks on new customers 24/7
• Invoicing and collection services included
• Funding for well-seasoned companies and startups
• Plus other benefits

RECEIVABLES LINE OF CREDIT

Our receivables line of credit for Janitorial companies is called a ledgered line of credit, which offers many of the advantages of a traditional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of the latest financials or an audit. A ledgered line of credit has no such restrictions.

A ledgered line is ideal for companies that are considering a traditional line of credit or are presently with an asset based lending or bank line and would like to get away from the strict requirements but maintain the features of a traditional line and competitive pricing. And unlike a traditional line of credit, there are no audits or restrictive covenants with respect to ratios, concentration, etc.

HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT

• No audit requirements
• No restrictive financial requirements
• No restrictive covenants
• No financial ratio requirements
• No concentration restrictions
• No long application to funding process
• Plus other benefits

Competitive pricing similar to an ABL line structure, typically prime + %, plus a service fee. The service fee is charged monthly on the gross amount of invoices, interest is charged on the amount of funds actually drawn, thus controlling the cost of funding.

The process is simple, the company submit invoices, it creates a pool or borrowing base, then draw up to 80% or 95% depending on the advance rate. The client can draw funds, daily, weekly, bi-weekly, or monthly. Funding is based on the value of your receivables, providing constant capital based on sales. The ledgered line is structured to fit the funding needs of the client.

For more information about our invoice factoring or receivables line of credit, please submit this SHORT FORM. The affiliate office that handles your area will contact you shortly.

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