Are you in an industry that is perfect for factoring? These are just some examples of the type of customers that we partner with. We have multiple customers in each of these areas and they are all able to have success from working out of a healthy cash base.
Why factoring is perfect for these industries: Some examples
Staffing Companies- As you probably know, most staffing companies have to pay their employees before they actually get paid by the company that employee was working for. When you multiply that by several employees, it can be hard to keep up. That is where we step in the gap and fund the timecards immediately so that you can pay your employees on time every time. And hire more employees!
Transportation – We help multiple transport companies stay on the road by keeping their cash flow in the black. They have to pay their drivers, and their drivers have to pay for fuel, sometimes a long time before they get paid by the customer they hauled for. We take the stress out of those transactions by purchasing their invoices at a small discount.
Manufacturing – In this business, if you run out of materials it is quite difficult to continue business, as some know all too well. Manufacturing companies are strengthened when they work with Catamount. By freeing up funds held up in accounts receivables, they are able to keep their warehouse stocked with everything they need to complete their jobs. They are now praised for their quality and efficiency, and no longer known for lateness and inability to pay suppliers.
Landscaping – With a landscaping company, you’ve got teams, equipment and supplies sometimes spread throughout a whole city. Landscaping companies work with us so that they don’t get spread even thinner while they are waiting for each of the individual locations to pay for the work done. They are able operate current business optimally and take on new business because their jobs are funded the day they finish the work.
ALL Industries – Most companies have a few things in common when it comes to weekly/monthly expenses. The primary common expense is payroll. Regardless of whether you are in Construction, Machining, Fabrication or Technology, employees and workers must be paid. When cash flow is tight, meeting payroll demands can be stressful. When you are waiting to get paid from a customer, factoring that receivable generates positive cash flow and we all know what a relief that is for a business owner.
If you own or help run one of these types of companies, and the described situations sound similar or all too familiar, consider factoring! It has been the cash flow solution for multiple happy business owners and they have their growth and success to thank for it. Whether it’s getting out of a hole or operating more efficiently, we are here to help. We love working alongside you to make your business what you imagine it can be.
Catamount has always been there for us and has been very instrumental in helping us succeed.
Without Catamount we would not be where we are today...period. They have been a tremendous help and are very supportive!
When we needed help Catamount stood up to the plate for us. Their service is outstanding...great people to work with!