Factoring for the Service Sector

Though once the darling of only the textile industry, factoring services are now provided to virtually hundreds of industries in all major economic sectors.  Its importance as a ready source of capital to service businesses is growing daily. 

Because most service businesses have little tangible collateral, it can be extremely difficult to obtain traditional financing for growth from banks and other more typical lending institutions.  Without question, factoring is now the most accepted method of financing service providers such as staff leasing companies, commercial janitorial businesses, guard services, landscaping / lawn care companies and  others.  Service companies that employ factoring enjoy ready sources of capital for payroll and to maintain timely payments to suppliers while being free to offer extended terms of payment to large, creditworthy customers.  With a factoring arrangement in place, you will never be forced to turn away large lucrative contracts due to weekly payroll concerns caused by slow paying customers demanding 45, 60 or even 90 day terms of payment.
 

How To Establish An Account with
Aegis Factors

Establishing a factoring arrangement with Aegis Factors is quick and easy.  Just complete the online company profile from our site and email it to us.  You will receive a call from one of our underwriters within 24 hours.  After some brief questions about your business and billing procedures, we will deliver your contracts via overnight courier.  At Aegis Factors, your funding requirements can generally be met within 2 to 3 of receiving your completed factoring agreements and supporting documents.  After we have created your first advance of funds, you may continue receiving advances once a month, once a week, or everyday as required by your business.

Contact Aegis Factors for additional information during normal business hours at (239) 274-7990, Monday through Friday 9am to 5pm EST.  We are located at 11000 Metro Parkway, Suite 22, Fort Myers, Florida 33966

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Factoring Basics

Factoring is by far the most easily accessed form of growth capital available to small and mid-size business owners. One of the primary reasons for its ready availability is that factors are not lenders and are not constrained by heavy regulation and lending guidelines such as banks and other lending institutions.  Factoring is a straight forward method of financing the growth of your business by immediately advancing payment upon purchased invoices.  With a factoring arrangement in place from Aegis Factors, you will not:

• Turn away lucrative business opportunities simply because the customer demands extended terms of payment on invoices.

• Risk losing valuable suppliers or short term credit arrangements because you can't meet payment obligations on a timely basis.

• Lose valuable employees due to your inability to meet payroll obligations.

At Aegis Factors, we will purchase your invoices once a month, once a week, or every day to meet your working capital requirements.  Our advance rates are as high as 80% of the invoice face value with funds being wired directly into your business account.  Your reserve balances (that amount which is not initially advanced) are quickly released after payment by your customers and the deduction of our modest service fee.

When factoring through Aegis Factors, you will not be subject to monthly credit reviews and constant policy changes in order to access growth and working capital.  Simply put, we focus on your invoices not your lack of or past credit history.  Our service offers a valuable source of capital to:

• New, start up manufacturing, distribution and service businesses.

• Companies that have a poor credit history.

• Minority or disadvantaged business enterprises.

• Companies that lack hard collateral such as real estate, plant, or equipment.

• Companies with a history of bankruptcy.

Credit Facilities of $10,000 to $1,000,000

At Aegis Factors, we provide factoring services for small start ups with only $10,000 in receivables as well as to well established operators with $1,000,000 in financing requirements or more.  Additionally, with an established factoring arrangement in place, we can provide occasional purchase order finance when required for payments to suppliers or contract manufacturers.  We have structured successful factoring arrangements in difficult to finance industries such as construction, third party medical, advertising, and trucking.  For those we must decline, we have extensive industry knowledge and strategic partnerships to assist you in finding the right capital source for your needs.

Types & Programs

Accounts receivable factoring is one of the most powerful financial tools available to small and midsize business owners and is one of the oldest financing methods known to man.  Over the years, commercial factors have created many unique financing structures custom made to assist specific industries and business models.  Find out how Aegis Factors can assist your business with immediate capital to facilitate growth.  (more information)

Member....International Factoring Association