Houston Freight Bill Factoring and Houston Invoice Factoring Companies in TX

Houston Invoice Factoring companies like Catamount Funding offer services including transportation factoring, freight factoring, oilfield factoring and staffing factoring Catamount Funding, one of the premier Factoring companies in Houston TX, offers invoice factoring services and freight bill factoring, which is a significant part of their day-to-day business. It’s a dilemma when a vehicle needs repairs or fuel costs go up and the cash needed to take action is locked away in unpaid invoices. The invoices could be days, weeks, or even up to 3 months away from due, which can hamper plans and jeopardize the ability to fulfil orders and bid on new work. As an alternative to simply waiting for the funds to be received and stalling progress, business owners may choose to factor their invoices, a process whereby the invoice is effectively passed on to the factoring company for a small fee. Not only is the cash then realized to inject into the business, but, in addition, the factoring company takes over the responsibility of recovering the money soon to become due in the invoice. This can save a significant amount of time as well as stress when following up on work which has already been completed, helping the business owner to focus on the future of the business rather than closing the loop on prior orders. Facilitating a timely payment is a specialty of Catamount Funding, premier factoring experts based in Houston , Texas, one of the simplest ways to enable a quicker payment is to enable electronic transfers if traditional checks are still being sent by post. Being able to focus on the core tasks required in running a business rather than the administrative tasks in chasing down and following up on outstanding invoices makes better use of resources, especially at a time when cash flow is critical and the business is looking to grow. A growing business may look to hire extra staff who then require training, or extra vehicles, which require an injection of cash upfront and then ongoing maintenance costs, with a subsequent lag in payments creating a challenging scenario. Offering generous payment terms like a deferred payment option is however a great way to build a trusting relationship with existing clients, which can forge a strong connection and lead to repeat business as well as recommendations through word of mouth and good online reviews. When a client sees two potential suppliers who appear

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