Maintenance Factoring Company
Whether your company is doing grounds maintenance, building maintenance, IT Maintenance, fleet maintenance or maintenance in any other industry; having positive working capital is crucial for your survival. You have a cost to run your business, from use of equipment, fuel, payroll and you have your standard reoccurring monthly expenses, such as rent, insurance and other bills, too.
Maintenance factoring has been around for hundreds of years, we fund hundreds of companies on a daily basis. If your invoices are large or small, if you are waiting 30 days or 90 days to collect on your receivables, we have the solution; and that solution is account receivable financing. You sell us your aging invoices and we will pay you on them within 24 hours. Financing Freedom exists in many forms; if you are looking to grow your business, take on new accounts where in the past, you are nervous about extending additional credit or if you just want to have the security, knowing that you will be paid immediately after submitting your open invoices to Alliance One LLC.
Improve cash flow by Selling your Account Receivables or what is commonly known has Invoice factoring.
Invoice factoring accelerates the revenues tied to slower paying customers. Alliance One LLC, (a factoring company) advances up to 95% of the aging invoices within 24 hours of the verification process. The purchased invoices becomes our asset, the invoice is collateral. Once your customer pays the invoices in full, the money that is being held in reserve will be released to you, less our advanced fee. Our advanced fee in many scenarios is tax deductible as it is a cost of doing business.
Alliance One will purchase your aging invoices for immediate cash. You bill your customers for the delivery of goods, then forward us a copy of the invoice. We verify that the goods have been delivered and approved, then we wire you up to 95% of the invoice amount within 24 hours. We hold on to a small reserve until that invoice is fully paid. Once the payment has been made, we release the reserve money back to you, less our discount fee. By using a factoring company, you are now able to offer even longer net terms that you normally would not consider due severe working capital issues. There are also many reasons to use factoring services to grow your business.