Houston Factoring companies like Catamount Funding help clients mitigate their credit risk by providing support with invoice factoring services, freight factoring, or freight bill factoring, and purchase order financing whilst facilitating cash flow
Houston, TX -- (SBWIRE) -- 06/24/2019 -- It is certainly true that Texas Factoring services are in high demand across a wide range of industries ranging from oilfield services, landscaping, manufacturing, construction, pipe fitting, cable wiring, and welding to technology and staffing companies. For business owners who rely on the transportation of goods, a cash flow crisis could be triggered by the time delay in waiting for outstanding invoices to be paid, maybe for up to a few months. To keep a fleet of vehicles on the road and deliver to existing schedules, freight factoring is a way to turn unpaid invoices into almost immediate cash. Freight factoring is alternatively known as freight bill factoring or transportation factoring as it is a form of invoice factoring which typically enables freight to be transported. Other types of business may rely instead on the purchase on inventory to further process or supply onwards. With the same root cause problem, a temporary lack of cash on hand, some suppliers may refuse any other credit terms and demand the cash up front. Catamount Funding, one of the premier Houston Factoring companies in Texas, offers the opportunity to set up a credit advance to the supplier so that a sale can be made. Once the credit advance has been made and the supplies are sold to the business, there is the capacity to stay in business or expand a business, instead of stalling due to the temporary lack of available funds. This could be the difference between failing to deliver an existing customer order and delivering on time. When loyal customers are often a prime source of repeat orders and word of mouth referrals, the trickle-down effect of missing a delivery could result in a compromise to future business and possibly new prospects. The purchase order financing agreement could cover one single transaction or multiple transactions. Purchase order financing is only an option before goods have been delivered to a client and prior to the start of the invoicing process for those goods. If those actions are already underway, then standard invoice factoring services are more suitable.
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 invoice 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 one of the premier Houston factoring companies, a financial services provider specializing in invoice factoring and is an accounts receivable factoring company suited to the small or medium-sized business owner. A particular specialty is freight factoring, otherwise known as freight bill factoring, or transportation factoring. Accounts Receivable Management is included with Catamount's Invoice Factoring Services. They hold an A+ rating with the Better Business Bureau. For more information on Texas Factoring services like purchase order financing and business receivable factoring, please visit: http://www.catamountfunding.com/
Catamount Funding, Inc.
Corporate Headquarters, 11777 Katy Fwy. Houston, TX 77079