Telecom factoring gives telecom contractors working capital to make payroll, hire new technicians and win more telecom contracts.
Telecom factoring gives infrastructure-services providers, telecom contractors and wireless contractors funds to prosper and grow. Many telecommunications and wireless contractors use the factoring benefits of cash flow to grow or expand their business opportunities, delivering services that include:
Tower Construction
Antenna Maintenance
Tower Climbing
Data Center, CO, Head-End and In-Building Structured Cabling
BTS Installation
Fiber-Optic Installation
Emergency Services
Outside Plant Services
Decommissioning and Removals
Telecom Factoring is the #1 Solution for Telecom Services Companies
Telecom factoring is a simple, easy way for growing telecom, cable and wireless services companies to keep their working capital rolling. When a new telecom client pays in 30, 60 days or more, factoring provides fast capital to grow and expand.
How does telecom factoring help contractors grow?
Q:How does telecom factoring help contractors grow? A:It advances cash on approved invoices so crews and materials are funded while carriers pay.
Telecom factoring helps with slow-paying customers. A telecom factoring company like Scale Funding will buy your accounts receivables and advance up to 95 percent of the invoice amount in cash. Once your customer pays, we release the remaining five percent minus a small fee. Using factoring, your telecom company doesn’t need to worry about cash flow. Having access to working capital at all times, your telecom company can make payroll, hire new technicians and grow.
Telecom Factoring vs. Bank Loans
Telecom Factoring
Bank Loan
Qualifications based on the credit worthiness of your telecom customers
Qualifications based on the credit worthiness of you and your business
Short application process; same-day approvals
Long application process; 1-2 months
Immediate funding on telecom invoices in 24 hours or less
Funding in 1-2 months, after loan approval
Telecom invoices serve as collateral
Equipment, inventory, etc., serve as collateral
No debt on balance sheet
Creates debt on balance sheet
No monthly interest
Interest paid monthly
Credit, collections and receivables management and back-office services included for your telecom company
You’re responsible for credit, collections and receivable management and back-office services
Minimal paperwork to start
Extensive paperwork required
Free credit reports
Do not provide credit services
Growth – available cash grows with telecom receivables
No growth – borrowed money has a limit or capped amount
If you are experiencing any of the following, telecom factoring might be the right choice for your business.
You can’t afford to wait 30, 60 or 90 days for customer payments
Your telecom business is growing
You don’t want to work with a bank
Your bank turned you down
Your staff is too busy to handle lots of invoicing
Ready to Start Telecom Factoring?
Telecom Factoring is a fast, easy way to get cash when the banks say no. To learn more about Scale Funding’s factoring services, contact the finance pros at Scale Funding.
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