Exterminator / Pest Control Factoring Company
We understand exterminators suffer from positive working capital, just like most other industries. The larger the customer you are servicing, the longer it seems to get paid. The more customers you take on, the larger your payroll becomes, the more it will cost you in supplies and in new equipment. Are your customers paying you in 30, 60 or even 90 days? If so, do you still have to pay your staff, purchase products and pay your monthly expenses, regarless if you are paid in a timely manner? There is no reason to wait to get paid, you can sell your account receivables today and get paid on them tomorrow.
The extermination service industry is very labor intense. There are high expenses, in labor costs, products and transportation and it’s a very competitive industry, with regards to the prices you can charge. Exterminator factoring turns your aging invoices into instant cash; making your life much easier. You no longer have to be in a position to wait 30, 60 or even 90 days to be paid. When you invoice your customers, you send us a copy, we verify with your customer that the work has been completed, and then we fund you up to 90% of the invoice amount. We hold on to 10% and keep this money into a reserve account; once we are paid from your customer, we then, release this reserve money back to you, less our fee.