Cable Sales & Installers

Invoice Factoring and Receivable Financing for Cable Sales and Installation Telecom Vendors

  • Quickpay from telecom clients
  • Get up to 90% of your invoice advanced
  • Money to Meet Payroll
  • Grow your Company
  • Client Credit Services
  • Accounts Receivable Management
  • Receivable Financing

Factoring companies offer cable installation, door to door cable sales, drop bury, disconnects, and boring contractors working capital financing. These funding are through the Accounts Receivable  Invoice Factoring program. They understand that waiting 30-60+ days for payment of an invoice ties up your working capital.

Getting paid quick through a factoring program, as a vendor, will have the money to meet payroll, grow your company, and pay your suppliers. We’ll wait for your customer to pay. If you want to hire the best performers, your technicians or door to door sales crew must receive a payment each week. Take advantage of growth opportunities in the cable industry, such as 5G networks and fiber optic.

Factors have been financing the telecommunication industry nationwide since 1994. They work with most of the MSO’s including Comcast, Time Warner, Cox, Charter, Vyve, Spectrum, Mediacom, Northland, New Wave, Suddenlink, and many more.

Cable Sales & Installers FactoringThe Benefits of Telecom Factoring

How Does Non-Recourse Invoice Factoring Work for Cable Sales and Installers?

Factors advance cable installers and cables sales companies up to 90% of the invoice amount immediately through invoice factoring and account receivables factoring. With the remaining balance coming when your clients settle in full. Here’s how invoice factoring for cable industry companies works.

The Three Steps of Non-Recourse Invoice Factoring:

  1. You provide goods or services to creditworthy telecom companies.
  2. Factors fund your business with an immediate payment of 70%-90% of the invoiced amount.
  3. Customers make payments directly to the lockbox. Your company gets the payment the balance of the invoice minus the fee.

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Remember, the factoring company allows you the flexibility to factor what you want when you want. You can pick and choose the accounts that you want to factor.

What are the Benefits of Non- Recourse Invoice Factoring for Cable Sales?

Increase Cash Flow

Get money as soon as you finish the work. The factor does not ask for equity in your company, nor are you taking on additional debt. They provide the capital you need and to keep your business growing.

Client Credit Services

A factor can act as your in-house credit department at no cost to you. Before doing business with a new customer, let them give you a complete payment and credit history to avoid problems with clients.

Help With Slow Paying Accounts Receivable (A/R)

Factoring companies provide on-line, real-time reporting. You can log on anytime and see updated aging reports, collection reports, and more. Backdate specific reports and print them out directly for internal use or accounting purposes. A factor is not a collection agency. However, factors do have a team of callers that put in friendly reminders to accounts when they get past due. They make sure to handle all calls in a professional manner. When discussed with you first, the factor is fully capable of applying the heat when needed.

Flexibility

The factoring company lets you factor the invoices you want when you want. They will let you factor as much or as little of an account as you wish. You factor what is advantageous to you.

Get Supplier Discounts – Win More Business

The ultimate goal of invoice factoring is to increase your available funds. Additional funding will enable you to go after bigger clients and larger contracts. Often, you will find that it takes the big guys longer to pay. Cashflow problems will lead to difficulties in filling larger orders and performing larger jobs. Helping you to grow your business is the purpose of The Paragon Factor. Increased cash flow can enable you to pay your suppliers quickly, allowing you to ask for trade discounts. Often, as little as a 2% quick pay discount can cover some, if not all, of your factoring costs.

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