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 to business owners who are looking to leverage their unpaid invoices which will become due over the following few weeks or months. Establishing a strong bond with a returning client is a key goal for a business owner, hoping to secure not only their future business but also understanding that word-of-mouth recommendations for products or services are often more valuable than online reviews. One of the ways to strengthen that bond is to offer or continue to offer payment terms that have a built-in delay following the delivery. This can be 28 days, or it could be 90 days, whatever the duration agreed upon, coping with making the initial outlay and then waiting to receive payment can be a challenging time with regards to cash flow, especially if unexpected expenses crop up which were not predictable or budgeted for. A couple of examples for a company that delivers freight with a fleet of vehicles might be a steep rise in the price of gas, making each delivery more expensive, and also a break-down or vehicle damage that needs to be repaired before the company is unable to keep up with commitments already made. Sometimes, the challenge can be in making predictable payments, such as being able to pay the staff on time. Retaining good staff can be difficult, and one of the ways to show employees how much they are valued is to pay them on time. If payments are late or consistently unreliable, it may be that the good staff leave to find another job where they can depend on a regular paycheck. Once good staff have been lost, there are a series of extra costs to absorb which could include being unable to follow through on commitments already made, time and potentially money spent searching for and advertising for a new recruit, and then the time it takes to train and onboard that new member of staff until they are able to contribute to the business fully. With so many pitfalls in running a small business and the challenges posed by offering payment terms which mean the company could be carrying many unpaid invoices, factoring companies like Catamount Funding offer a predictable way to sell those invoices, for a small fee, in return for almost immediate cash, making it once again possible to return focus to the core business. At all times, the business owner can choose which of their invoices they want factoring, there is no commitment to factor all of the company invoices. Over time, the relationship between the factoring company and the business deepens and the individualized plan can be tailored to suit the unique