Financing through factoring for cable industry

Factoring Cable Sales & Installation Companies

The rising investment and the expansion of new technology have both been boosting the Cable Sales & Installation and Telecommunications Maintenance industry revenue. In fact, the US small and growing companies operating in this sector are becoming more and more entrepreneurial since there is a large amount of interesting tower upgrade and maintenance contracts on the market. However, most of these companies fail to take advantage of these growth opportunities because they lack the funds to do so.

Who can qualify for Factoring?

BusinessCash offers specialized cash flow programs to the telecom/cable industry. We can help if you are in the business of:

  • Telecommunications
  • Cable Installation
  • 5G and Fiber Optic Networks
  • Drop Bury
  • Drop Maintenance
  • Disconnects
  • Audits
  • Boring Contractors
  • Door-to-door cable sales and many more.

Take advantage of getting paid NOW, not waiting 30-60 days.  Allowing you to meet payroll, grow your company, and pay suppliers.

How can Invoice Factoring help Your Cable Sales & Installation/ Telecommunications Maintenance business?

Invoice factoring, also referred to as AR financing or Accounts Receivable financing is a type of debtor finance that induces a financial agreement between your small cable sales & installation/telecommunications maintenance business and a factoring company for funding purposes.

What are the steps of Factoring for Cable and Telecommunications Industry?

In an industry where you get paid 30 to 60 days, it is wiser to consider non-recourse factoring and use your invoices as collateral.
1st: You can choose invoice factoring and sell your creditworthy invoices to a factor at a discounted price.
2nd: The factoring company will provide an upfront payment to your small cell tower construction/ telecommunications maintenance company based on the due amounts from your verified creditworthy invoices.
3rd: On due dates, the factoring company will receive the debt from your end customers and returns the remaining balance to your business after subtracting the agreed receivables financing fees.
This way you will not have to wait for the delayed payment, avoid cash flow issues and be able to support your business smartly at no extra interests.

An Example of Factoring :

For example, your cable sales company needs funds at a fast rate to cover equipment, labor, and other expenses. You have altering corporate and government clients. Thus, you contact a factoring company and offer to sell a number of your creditworthy customers invoices, all worth $190,000. The factoring company accepts to give you a 92% advance of their value, meaning $171,000. By the original terms of the invoices, the factor will collect the money on due dates and return the remaining balance to your business minus the receivables financing service fees.

What are the Benefits of Factoring for the Telecom Industry?

  • Quickpay! No Waiting for Payments from telecom clients
  • Get up to 92% of your invoice advanced
  • Money to Meet Payroll
  • Grow your Company
  • Client Credit Services
  • Accounts Receivable Management
  • Receivable Financing

Why should I opt for a factoring company?

Non-recourse factoring not only gives your Cable or Telecommunications maintenance flexibility and stability but also the ability to take advantage of growth opportunities by taking on new telecom/commercial clients as well as the ability to stay competitive as it will provide your business with continuous working capital so as to support all your operations. With non-recourse factoring, your business can get the cash it needs, when it needs it; waiting for payment from your customers will never be an issue again.

Your small cell tower construction/ telecommunications maintenance will no longer have to worry about qualifying for a commercial loan. You simply need to submit your factoring company with your creditworthy invoices and enjoy a considerable immediate advance to meet your monthly obligations without taking on new debt. Non-recourse factoring has various significant advantages as:

  • Quick financing, up to 92% upfront payment
  • Easy and transparent process
  • Same day funding
  • Start-ups and small companies are welcomed
  • Leverage your accounts receivables
  • Fast access to cash and continuous working capital
  • Flexible, negotiable terms
  • Reasonable service fees
  • Professional receivable management and industry experience
  • Back-office support
  • Credit Protection
  • No requirement of substantial assets or collateral
  • Based on your clients’ creditworthiness
  • Factoring is not a loan, meaningless debt on your balance sheet
  • Funding grows as your receivables grow
  • You pick and choose what invoices you want to be factored.

BusinessCash works with most of the MSO’s including Comcast, Time Warner, Cox, Charter, Bresnan, Allegiance, Brighthouse, Mediacom, Northland, New Wave, Sudden Link, and much more.

Is your cable business ready to get funded with great rates? Call 866-598-4295 or use the fast, safe & secure online funding application.

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