How do service companies grow without borrowing? Simple: They go COD!

Jun 2nd, 2010 | By Ernie Brown | Category: Alternative Financing

Service businesses, such as staffing, consulting, repair, installation, and many others, don’t have hard collateral; instead, their most valuable asset is a great product or service.

As smart businesses provide their services and bill their clients, they convert their invoices to cash as they need to or want to by running their businesses almost in a cash on delivery (COD) manner. Why wait to get paid if you can get paid when you want to via a simple and proven process?
Want more? This same process helps keep companies from providing services to someone who isn’t going to pay them, and often insures companies’ invoices.