Industries
Security services
Guards paid weekly, contracts billed monthly
Access to a cost-effective and reliable source of funds is essential for a company’s success and growth in any competitive, high-stakes industry. MyFactor knows that security companies depend upon a steady cash flow from invoices, in an industry where services performed do not translate into immediate payment. Without a readily available source of funds, your security business can struggle to pay for the personnel and equipment that current client demands require.
Who we fund
- Guard services
- Event security
- Patrol services
- Alarm and monitoring companies
What is security factoring?
Security invoice factoring is a financial solution where your business sells its unpaid invoices to a factoring company, like MyFactor, for an immediate advance, typically within 24 hours. Instead of waiting 30, 60, or 90 days for customers to pay, you get the cash flow to cover operating expenses, purchase inventory, pay employees, and invest in growth.