Don’t feel like making collections calls, or don’t have the time? TBS Capital Funding does that for you. Our team will follow up on payment so you don’t have to.
Most customers are pretty predictable. It may take them a while to pay – which is why it makes sense to factor your accounts receivable – they can usually be relied on to pay within a few weeks of receiving an invoice.
And then there are the exceptions. It could be a big client that stretches out payments because they can. Some large corporations make it a policy to pay 30-day invoices 45-days out, and refuse to pay late fees because, well, they know they’re bigger than you and you need their business more than they need your product.
More often, it’s another small business, one that also relies on customers to pay by invoice, robbing Peter to pay Paul, by choosing to pay other obligations – such as payroll, a credit card bill, or the IRS – before they pay you.
At TBS Capital Funding we address both ends of this equation by taking on collections responsibilities, as needed, for our clients, and also helping clients avoid getting into that situation by providing credit checks to ensure that a prospective customer is creditworthy, before you go through the time and effort of providing a service or fulfilling an order.