Telecom factoring provides companies with a working capital solution by turning invoices into same-day cash. The process works by selling your receivables (invoices) to a factoring company in exchange for immediate payment. The cash-flow gap caused by slow-paying customers is eliminated. Telecom factoring is a debt-free financing solution that gives you cash to pay your bills, meet payroll, invest in new resources and more.
Since 1994, Scale Funding has provided invoice factoring for telecom and wireless contractors. Contact us for a free, no-obligation quote and consultation on how telecom factoring can be the source of cash for your business.
Accounts receivable financing is a financial solution many telecom and wireless contractors use to bridge cash-flow gaps. Scale Funding purchases a client’s invoices to its customers, providing a competitive advance on the invoice amount. The cash is deposited directly into our client’s bank account within 24 hours. Once the invoice is paid by the customer, Scale Funding pays our client the remaining balance, minus a small fee.
Telecom and wireless contractors turn to invoice factoring for telecom financing because they need working capital for their businesses. Slow-paying customers cause cash-flow stress. It’s challenging to wait 30 days or more for customer payment when bills such as payroll, insurance, and daily operating costs are due. Contractors with slow-paying customers rely on factoring to keep their businesses going and meet daily operational expenses.
Instead of obtaining a business loan or business line of credit, telecom and wireless contractors choose factoring for cash in 24 hours. With banks, it takes months to get financing. Factoring is a quick and excellent alternative to banks, and the amount of available capital grows as the business grows.Get a Quote
Having cash on hand is crucial to be able to take on new projects and opportunities. Contractors using invoices factoring have cash available to purchase supplies, meet payroll, and cover daily expenses at the work site.
With the improved cash flow from invoice factoring, the stress and worry of meeting deadlines and due dates is over. Factoring keeps the cash flowing and business moving forward.
Having a consistent, reliable source of financing is essential for long-term grow for a company. Invoice factoring lines are flexible and grow as your company grows. There are no complicated or lengthy processes to go through to increase a factoring line.
The process is very straightforward. A business provides work, services, or products to their customers. When the customer is billed, the unpaid invoice is sent to the factoring company first. The factoring company advances the business, a percentage of the value of the invoice, generally 90%, that same day.
The invoice is then sent on to the customer, who processes and pays it in their regular terms. The customer then pays the factor. Once the customer pays the invoice, the remaining balance, less a factoring fee, is remitted to the business.
Complete and submit the form below. A Business Development Officer will contact you to answer your questions and discuss factoring options for your company.
Steady cash flow helps telecom and wireless contractors operate smoothly. At Scale Funding we know the need for cash is immediate. We’ve cut the red tape and streamlined the application process. If you’re a telecom and wireless contractor, chances are we’re already working with your customers, which makes the process that much easier.
Step 1 – Get a Quote
Speak with a Scale Funding representative. We’ll discuss your cash-flow situation and needs, and we’ll offer a free, no-obligation consultation and quote for a factoring line in 30 minutes or less.
Step 2 – Submit Invoices and Related Documents
Once a factoring line is agreed upon, we’ll schedule your first funding. During the set-up process, we’ll walk you through the agreement and discuss your invoices and any related materials.
Step 3 – Get Cash for Your Invoices
When the set-up process is complete, we fund you via ACH direct deposit or a wire transfer directly into your bank account. From this point forward, each time we receive your invoices, we’ll process and fund you the same day the invoices are received.
Telecom and wireless contractors benefit directly with the cash flow from factoring. There are other value-added services that come from factoring with Scale Funding. Features like professional accounts receivable management, trusted treasury services and online reporting give clients the peace of mind to focus on the job at hand.