Working Capital at Your Fingertips
Acquire the immediate cash you need to keep your armored service company running with factoring for armored service providers! Factor Finders can help you get started today.
Armored service providers help businesses keep their cash safe with secure transportation on a daily or weekly basis. However, when clients take 30 to 60 days or longer to pay for that service it can threaten the security of the provider’s cash flow.
That is where factoring for security providers comes in. Instead of taking out a high-interest loan and adding debt to your balance sheet for a finite amount of money, factor your company’s open armored service invoices and turn them into immediate cash to cover your expenses.
The Armored Service Factoring Process
- Submit your invoices for completed jobs to the factoring company.
- The factor will verify your invoices and advance up to 90 percent of their value within 24 hours.
- Continue providing service as usual; your factor will work with your clients to collect.
- Once invoices are closed, the factor will send you the remaining invoice amount minus a small factoring fee.
You can choose to factor as many invoices as you need, as often as necessary to maintain steady working capital.
Grow Your Business with an Armored Service Factoring Company
Successfully transporting large amounts of cash and valuables is a complex operation. Armored service factoring companies work with the companies that provide support at every step of the process so each job is completed quickly and securely.
Just some of the companies that can begin factoring for armored service providers include:
• Armored transport companies
• Armored equipment suppliers
• Manufacturers of bullet resistant equipment
• Security and patrol services
• Security professional staffing agencies
Instant Cash to Grow Your Business
We will partner you with a factor within minutes. 855-322-8671
Endless Benefits of Factoring
No minimum or maximum amounts to factor
Factoring is responsive to normal shifts in your business operations. As such, there are no threshold amounts to meet or miss every month and you will not be penalized for factoring different amounts each month.
Grow your business faster
Because you have control over your funding and operating costs, you can quickly address the need for more personnel, better equipment, or improved training – or any other growth your business experiences! You can meet the changing needs of your customers and increase your client base with confidence.
Factor with poor business credit
You can qualify for armored service factoring even if your company has poor or unestablished credit. Factoring companies funding decisions are based on your clients’ creditworthiness, allowing you to get the cash you need to rebuild your credit rating for the future.
Additional discount opportunities
What other financing option will cost you less to do more? With armored service factoring, you may qualify for a discounted rate if you factor a large volume of invoices. Your factor will include the requirements for such a discount in the factoring agreement.
Back office support
Focus less on office functions and more on providing exceptional service with administrative support from your factoring company. Factoring companies will handle your collections and background checks on potential customers at no extra charge to you. Also, you can monitor your account status 24/7 with online reporting. Factoring makes it simple to fund payroll on-time, every time.
Start Armored Service Factoring
It is fast and easy to begin an armored service factoring program. Contact Factor Finders to speak with an armored service factoring expert and submit an application. Once you submit your application, customer list, and current invoices, our factoring partners can begin underwriting and approve you in as little as 3 to 5 business days.
Factor Finders’ wide network of skilled armored service factors offer a customized factoring relationship to meet the specific needs of your company. Your company can qualify for armored service factoring whether you carry $10,000 or $10,000,000 every month, even with a history of financial difficulty.