In other words, its a great time to be the owner of a security guard agency. Provided, of course, your company has the necessary financing resources to meet your payroll and business expenses.
But meeting payroll can be very tough. Especially since commercial and government clients usually pay their invoices in 30 to 60 days. How can you pay employees every week if your clients take that long to pay? The math just doesnt work.
The solution to the problem is to get financing. But I am not talking about getting a business loan. Business loans are hard to get. There is a better solution that is easy to qualify for and quick to set up. This financing tool is called invoice factoring and your bank does not offer it. Rather, you get it through a factoring company.
The premise behind factoring is very simple. Your invoices from good (but slow) paying customers are an asset a valuable one. The factoring company is willing to provide you with financing using them as collateral. Factoring is easy to use and works as follows:
1. You do your work, as usual. You bill your customer but then submit a copy of the invoice to the factoring company for...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
