*Advertorial: This article was not written by Inside Towers. This content was provided by Eagle Capital.Read Jonathan’s story to financial independence.
Jonathan owns a business as a service-provider in the telecommunications industry. Like many, he provides a quality service, runs a great business, and his services are in high demand. Jonathan has worked very hard his entire life, has always been honest and fair in his business practices. He has paid his bills on time and done everything he was taught to do in order to be successful.
Although his business has been abundantly profitable, he continues to find himself being held back by the essential cash-flow needed to continue growing his business.
Even though Jonathan had always done what he should, the banks would only look at his collateral and did not place a value on the quality of his work, his work ethic, or his growing and profitable business.
Jonathan leased his facility, and his equipment had liens against it which meant he had no collateral and his only assets were in his accounts receivables (AR).
He reluctantly had to turn down business when he didn’t have the cash-flow to purchase the necessary tools and materials to perform jobs. In addition to his high insurance costs and safety regulatory expenses, he was still waiting to be paid for his last several completed jobs. Being forced to turn down business was the final straw!
Jonathan remembered meeting a company, Eagle Capital, at a trade-show who offered invoice factoring, but he didn’t know much about how factoring worked or how his business would fit.
He decided to give them a call to see what the fuss was all about, as several of his competitors in the industry were already clients.
After a brief conversation with Jennifer Springer, an employee at Eagle, Jonathan discovered a whole new opportunity to infuse his business with the much needed cash-flow without having to go in debt, assume any additional liens on his equipment, or take out loans.
He had finally found someone who actually valued his business’ AR versus his collateral!
Factoring his receivables, he would be selling his invoices once the job was completed and receive instant payment. This enabled him to not only purchase the materials and supplies to take on new opportunities, but he could even afford additional labor and take on more jobs, ultimately growing his business!
In addition to the invaluable cash-flow, the program offered by Eagle was more than Jonathan could have ever hoped for – compared to traditional lending.
Eagle’s program also includes an entire back-office which performs all of his credit checks, account monitoring, collections, reporting, and any other back office work. This means he can spend his time doing what he does best, not buried in clerical duties!
Most importantly, Eagle Capital is one of the few true non-recourse factoring programs, which means if for any reason his customer was unable to pay their invoices, he would not be responsible. Eagle assumes that risk.
Lastly, Jonathan was comforted to discover that like himself, Eagle Capital is a family-owned and operated business who has helped thousands of other entrepreneurs like himself grow their businesses for the past 20 plus years.
If you find yourself in similar circumstances to Jonathan’s, you owe it to yourself to give the crew at Eagle Capital a call to discover what they have to offer and how they can benefit your business. For more information call (800) 483-7079, email customerservice@eaglecapitalcorp.com or you can visit their website www.eaglecapitalcorp.com.
September 18, 2018
