BusinessCash understands the needs of janitorial service companies. We understand you are constantly invoicing your larger clients. This in itself can create headaches if and when your customers do not pay on time. Meeting payroll, buying supplies is a serious challenge when cash flow comes to a halt. Since 1998 BusinessCash has been funding the needs of the janitorial cleaning industry.
We offer cleaning and janitorial service companies working capital solutions through the Invoice Factoring and Non-Recourse Accounts Receivable Financing. Waiting 30-60+ days for payment of an invoice ties up your working capital. By receiving payment immediately upon invoicing, through our factoring program, you will have the money to meet payroll, grow your company, and pay suppliers. BusinessCash advances you up to 92% of the invoice amount immediately and provides the remaining balance when your clients settle in full.
Companies in this industry clean building interiors, windows, carpets, and upholstery. Major US companies include divisions of companies such as ABM Industries and ServiceMaster, as well as Coverall Health-Based Cleaning System, Jani-King, and Stanley Steemer.
Commercial real estate occupancy drives demand for cleaning services. Larger companies have an advantage in serving customers with multiple locations and having more cash on hand. The 50 largest companies generate about 30 percent of revenue. In the US carpet cleaning industry, the 50 largest companies account for about 20 percent of revenue.
Janitorial services account for about 90 percent of industry revenue. Work includes cleaning, trash pickup, floor polishing, cleaning carpet and ducts, washing windows and more. Operations consist of crews cleaning commercial, industrial, and residential buildings by hand or with the help of basic equipment like floor polishers.