Houston, Texas, USA – Business is unpredictable, and for struggling businesses, grabbing vendors can seem impossible. Low credibility and irregular paying customers not only hurt the current state of the business but also lower its chances of survival as vendors need timely payments as well. 1st Capital Service wants to remove all these hindrances to giving businesses one less thing to worry about. They provide invoice factoring services with some added benefits. The bulk of potential cash flow in the form of customer invoices is exchanged for the exact value of cash. An addition of a middle man reduces the effort spent in chasing debtors, relieving excess workload from finance departments. The company then chases and collects payments from customers themselves, after which they release the remaining cash flow to the business.
1st Capital Service specializes in transportation funding, oil and gas funding, staffing industry funding, etc. Providing potential customers with competitive rates and same-day funding, ensure the benefits of using their services greatly outweigh the associated drawbacks. As an invoice factoring service, they provide stability to monetize current, unpaid invoices into cash which can be used to meet expenses and cover payrolls. Same-day funding makes it so businesses never miss an opportunity due to cash flow constraints.
The choice of entering and exiting the partnership is left open as 1st Capital Service does not require long-term contracts or monthly minimums. This is beneficial for companies with no steady cash influx such as manufacturing invoice funding where business earning is greatly increased on certain occasions but may decline at times. A sudden boost in sales can lead to a shortage in stock but no further orders due to money restraints can severely discredit the company. 1st Capital Service wants to make sure that’s never the case and companies can grow without worrying about additional collateral.
Companies that require employees to be paid on-time monthly can also struggle with tardy payments. Construction invoice funding is another focus of 1st Capital Service as they realize the importance of checks not coming in on time. With fast exchanges from invoice to cash value, this provides financial security to the business and assures balanced accounts.
1st Capital Service also gives companies the option of non-recourse under certain circumstances. In hard times, some businesses may not have on-hand cash and that can hurt future prospects. To reduce this risk, they can offer collateral to keep their business afloat while also resuming business dealings through invoice factoring. Other than this, free credit check approvals and fuel cards are offered. These small charges may seem futile at times but if added at the end of the month, can lead to massive surcharges in company expenditure. All these facilities are available to further benefit companies and fund businesses in a sustainable yet effective method.