Factoring for Auto Glass Installers

Auto glass installers can access large credit lines based on the fiscal strength of their customers. As businesses grow throughout various cycles, they can sell more invoices to Factor Finders for quick cash.

Request a quote or call now for details 1-855-FACTOR-1.
 

Credit terms within the auto glass industry last about 20 to 40 days depending on the specific buyers. Firms within the industry are susceptible to becoming financially unsteady during slow business cycles, causing struggles to meet payroll and other expenses. Selling receivables recreates balance during sales slumps as capital is freed from accounts receivable and re-released back into the business. 

Auto glass installers must budget for certifications and specialized materials which could keep them from acquiring tangible assets traditional lenders require. While installers own valuable invoices, banks do not offer fair value for accounts receivable. 

Factor Finders supports auto glass installers by offering cash advances of 80 to 90 percent based on their invoice values. When account debtors (buyers of installer service) pay us, we credit you the invoice balance (reserve) minus a factoring fee (usually about 3%). Small organizations can avoid debt and strict lending regulations by selling their accounts receivable. 

Auto glass shops in need of more working capital can qualify based on the credit history of their customers. Installers must simply own unencumbered accounts receivable invoices sold to commercial accounts. 

Receivable finance is great for:

• Fast growing fledgling companies in need of working capital to meet growth needs.
• Start-ups with no primary funding
• Organizations seeing a regular decrease in sales
• Businesses with poor, little, or no credit

Special perks of factoring for auto glass installers:

• Your account will be set up with Factor Finders in three to five business days.
• No start-up fees or hidden fees apply.
• No background credit checks.
• You can receive cash in your account (advances) in a day.
• We analyze the credit strength of your customers for you.
• Based on your individual situation, you can sell just some, or even all of your accounts to Factor Finders.
• Our rates are based on the current collection and sales cycles in the auto glass industry.