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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 looking to bridge a gap when cash flow is challenging because unpaid invoices are not yet due. Some payments may be due within weeks, and others may be due in up to 90 days' time, depending on the arrangement in place. Offering favorable payment terms such as a deferred payment upon receipt of an invoice is a way to retain clients and attract new customers.

Catamount Funding, one of the premier Factoring companies in Houston TX, offers invoice factoring services to business owners who have sold goods or a service with payment terms involving a deferred payment. This time lag between delivery and payment can create cash flow challenges in the short term, especially as there may be additional costs incurred during the delivery. There are many interchangeable terms for some common factoring services, with freight factoring also known as freight bill factoring or transportation factoring, and staffing factoring also known as payroll factoring. Staffing agencies that assign temporary resources sometimes look to factor their unpaid invoices so they can manage the available cash in a more flexible way. One major advantage when factoring invoices is the transfer of responsibility from the business owner to the factoring company in following up to make sure the payment is made on time. Clear and professional communication and being able to provide support documentation promptly are vital in maintaining a good relationship between providers and their clients. The staff at Catamount Funding are able to help switch to electronic payment methods where they are not yet implemented, speeding up the transfer of funds compared to a check in the post, as well as providing a clear audit trail to follow. This transfer of ownership can free up the business owner from doing the tasks, and also removes a source of stress at a potentially challenging time. Houston staffing factoring in particular sees an emphasis on medical staffing and oilfield staffing. There are many different roles within the oilfield staffing workflow, from truck drivers to equipment operators to maintenance technicians, drillers, supervisors, and on-site specialists. Selling unpaid invoices to a factoring company such as Catamount Funding at a discount is not a loan, and the invoices are the collateral in the transaction. Clients can choose to factor a subset of their invoices and the tailor-made solutions need not be limited to one crisis at a point in time, an ongoing plan can be developed to factor invoices over a longer period of time. This can be helpful when a company is looking to grow, or if major unexpected expenses have to be managed. Speaking about the importance of clear communication with a client, a representative from Catamount Funding states: "It's not surprising that many small business owners are timid when it comes to asking their customers for money. Although it can be uncomfortable at times, it is imperative that constant contact exists with your customer's accounts payable department. Furthermore, a lot of small businesses don't have the human resources to manage the task. Consider what Catamount Funding will do to help out in this scenario. When factoring your invoices, it's important that a strong line of communication be established with your customers' accounts payable departments. We will stay on top of the open invoices and manage the collections in a very professional manner. It has been our experience that after Catamount becomes involved, the average collection period of a new client shortens by 2-4 weeks!"

Catamount Funding, one of the premier Factoring companies in Houston TX, offers invoice factoring services to business owners looking to bridge difficult challenges with cash flow as invoices remain due weeks or months into the future. After a busy seasonal rush in orders or deliveries, this dilemma can lead to a particularly challenging time. One of the best ways to demonstrate trust and retain a strong client relationship is to offer favorable terms when delivering goods or a service. Incurring the costs to make the delivery or produce the product, and then waiting up to 90 days for the payment to become due, is often a price worth paying to secure an ongoing contract or potentially be the one differentiating factor between one company and their competitor. Ironically, a very successful seasonal rush in demand could be followed by a challenging time as payments are expected in the future, but invoices, payroll, fuel, repairs, premiums, and restocking costs are imminent. When unpaid invoices are an asset yet to be realized, they can also cost a business owner time and stress in managing the upcoming payment, sending reminders, making sure the details are communicated professionally, and in trying to expedite the payment if electronic payment channels are not already set up. This is a scenario familiar to invoice factoring companies, who take on unpaid invoices, for a small fee, making cash available to the business owner almost immediately. The invoice factoring company then also takes on the management of the unpaid invoice, following up with the clients to make sure to the payment is made securely and promptly when due. This type of factoring transaction is a simple concept and can be an effective strategy across almost every business sector. Catamount Funding has experience across a wide range of customers and is, therefore, able to tailor a plan which is unique and the best fit for their client. Creating a tailored plan includes understanding the goals of the company and starts with listening to the immediate needs as well as the long-term strategy. Increasing working capital can help a business grow or sustain a positive trajectory. Even when a business plan has been solidified and approved after extensive due diligence, there are times, such as expanding real estate to a new satellite office, or an unexpected jump in fuel prices, when actual costs incurred do not match the predicted costs which were anticipated. With the ability to factor a subset of the unpaid invoices, there are options to explore which may alleviate a temporary cash flow shortfall. Typical factoring company sectors include landscaping, welding, technology, mechanical contractors, plumbing, pipe fitting, and oilfield factoring services, including factoring for oilfield contractors, medical staffing factoring, temporary staffing factoring, construction factoring, and all types of suppliers. Headquartered in Houston, Texas, Catamount Funding has service regions across the US, including the Rocky Mountain Region, the West Coast Region, and the Midwest Region, as well as the Gulf Coast Region. In addition to factoring services, they offer consulting services, accounting, bookkeeping, and equipment financing. Open communication and productive teamwork are central to collaborations, creating unique and tailored solutions for each individual client. Catamount Funding, one of the Houston invoice factoring companies offering freight bill factoring services, respects that time is often a critical factor in success and processes finance approval decisions within 48 hours. Their team of experts offers business invoice factoring services to relieve the cash flow bottleneck. The application process is simple and can be accessed via their website. Applications are welcomed from start-up companies as financing decisions are made primarily on the financial condition of the account debtors. Financial pressure need not stop a business from operating or growing, factoring accounts can deliver the working capital funds necessary to free up cash flow.

Houston Invoice Factoring companies like Catamount Funding offer services including transportation factoring, freight factoring, oilfield factoring and staffing factoring

Houston Invoice Factoring companies like Catamount Funding offer services including transportation factoring, freight factoring, oilfield factoring, and staffing factoring

Houston Invoice Factoring companies like Catamount Funding offer services including transportation factoring, freight factoring, oilfield factoring and staffing factoring

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 offer a solution to having to wait for invoices to become due and be paid. This offers a solution to the time lag from delivering a service or product to receiving payment for it.

Houston Invoice Factoring companies like Catamount Funding offer services including transportation factoring, freight factoring, oilfield factoring, and staffing factoring