Turn your unpaid invoices into cash with a quick approval process. The service industry covers a variety of businesses, ranging from cleaning services to tech contractors, infrastructure, logistics, transportation, entertainment, and much more. Service companies require supplies, staff, transportation, technology, and other resources to perform their duties. Many service companies find themselves stretched to the limits due to gaps in revenue from unpaid invoices.

At New Century Financial, we free up the revenue locked behind unpaid receivables with our comprehensive service company financing services. No longer do businesses in the service industry have to wait 30, 60, or 90 days to access revenue because we specialize in converting unpaid invoices into cash quickly and efficiently. Learn more about how service factoring works.

Leverage Receivables for Cash

When service companies experience cash flow strains due to unpaid invoices, they often turn to short-term loans to smooth over uneven revenue cycles. However, taking out loans places debt on the balance sheet and lowers credit ratings. If outstanding customer payments are a recurring issue, then short-term loans can easily place a service company in dire straits.

machine floor washing

Invoice factoring services from New Century Financial is an off-balance sheet solution that accelerates cash flow and eliminates staggered customer payments. Our team will turn your unpaid receivables into cash and make funds available within 24 hours. New Century Financial is a leading factoring company that offers such features as:

  • Streamlined approval process
  • Cash for invoices available within 24 hours
  • No term contracts
  • 24/7 support & reporting
  • Zero upper limits
  • No hidden or extra fees
  • Choose which invoices, or parts of invoices,  get funded
  • Accessible off-balance sheet capital

Accounts Receivable Financing Made Easy for Service Companies

Service companies face challenges when they need financing. Without tangible products or large assets, service companies experience higher than average turndowns. At the same time, many service companies would rather avoid debt if possible.

maintenance in a shop

New Century Financial offers an accessible, flexible, fast, and debt-free solution with our accounts receivable financing services. Our accounts receivable factoring services offer a wide range of benefits to service companies, including:

  • The ability to make payroll and cover overhead expenses
  • Smooth out cash flow, despite uneven revenue cycles
  • Build up capital reserves for growth
  • Maintain a cushion of supplementary cash
  • Augment overhead
  • Expand into new markets
  • Access off-balance sheet working capital
  • And much more!

Comprehensive Factoring Solutions for Service Companies

New Century Financial specializes in service company financing through accounts receivable factoring solutions, providing service companies with the flexibility and transparency they demand. Our service company factoring services have no hidden fees, no long-term contracts, and service companies can choose which invoices or parts of invoices to sell.

service factoring financing

Whether you need to improve cash flow, smooth out uneven revenue cycles, or if you simply want to get caught up on outstanding receivables, New Century Financial is here to help. Our team will work with you to understand your needs so we can start converting your unpaid receivables into cash, so you can access funds from those invoices within 24 hours. To get started, contact the factoring experts at New Century Financial today.

Take five minutes to read our "Entrepreneur’s Guide to Factoring” for more information and call us at 800-805-8380 or apply now
 to get started.

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