Texas factoring companies facilitate cash flow so businesses can focus on day-to-day operation
Houston, TX -- (SBWIRE) -- 10/16/2017 -- Operating a business is a full-time job and worrying about cash flow can certainly hinder production and delivery. Invoice factoring services are a good solution for many industries, some factors are common to all sectors and some are more specific. One of the general issues is meeting payroll on time. Retaining good staff is an essential part of running a successful business so payroll becomes a regular expense. If money is held up in unpaid invoices, meeting this deadline can be difficult. As an alternative to postponing payment, invoice factoring frees up cash which could otherwise be outstanding up to 90 days.
For manufacturing companies, the timescale for delivery of a finished product may be critical in winning a contract. If the business cannot invest in advance to stock the warehouse and be ready to start production immediately, the extra time required to order in supplies may be the difference between securing a contract and missing out to a nearby competitor with the ability to deliver quicker.
For transportation companies, factoring freight bills can keep a fleet on the road, keeping drivers on the road and fuel in the tanks. Freight factoring services help provide enough cash to keep bidding on new hauling contracts when the last few invoices are still waiting to be paid. Without the ability to continue running it is difficult to bid on new contracts and future contracts with existing clients are jeopardized. Transportation factoring involves a factoring company purchasing the outstanding invoices at a small discount.
One of the premier Texas factoring companies, Catamount Funding, Inc. is headquartered in Houston, Texas and operates across the US in a variety of industries including manufacturing, personnel, freight factoring for transportation companies, fabrication, distribution, and services.
Catamount Funding respect that time is often a critical factor in success and process finance approval decisions within 48 hours. Their team of experts offers factoring services to relieve the cash flow bottleneck. The application process is simple and can be accessed via their website. Applications are welcomed from start-up companies as financing decisions are made primarily on the financial condition of the account debtors. Financial pressure need not stop a business from operating or growing, factoring accounts can deliver the working capital funds necessary to free up cash flow.
About Catamount Funding, Inc.
Catamount Funding, Inc. is a financial services provider specializing in invoice factoring and is an accounts receivable factoring company suited to the small or medium-sized business owner. Accounts Receivable Management is included with Catamount's Invoice Factoring Services. They hold an A+ rating with the Better Business Bureau.
For more information, please visit: http://www.catamountfunding.com/.
Catamount Funding, Inc.
Corporate Headquarters, 11777 Katy Fwy. Houston, TX 77079