Service Business Factoring & Funding
We are experts in helping our clients grow, pay suppliers, fund payroll and prosper.
At Drake Finance we understand that your service business is not like any other sector of the United States economy. Why? Because we own and operate a professional service business ourselves. As a result, we have great respect and empathy for service-related businesses trying to compete in a very challenging economy like we face today.
Just like our professional service business, you probably don’t have a lot of inventory, machinery, equipment and other fixed assets. But what you do have are very valuable commercial Accounts Receivables [AR] or invoices for services you have billed your clients. However, most lenders don’t understand this. We do!
Due to our nearly 15 years of serving service sector clients, we are able to do what most banks wouldn’t even consider; use your commercial invoices as the only collateral for working capital you need to run and grow your service business. We can do this even if you are a “start up,” an 8(a) contractor, or have had a recent history of a less than profitable performance.
You can use our funding to make payroll, pay suppliers, hire more employees or 1099 workers, and grow. Applying for our professional services takes only a couple of minutes, and we can usually fund your service business in a few days after we complete our due diligence process. Unlike most other firms, we NEVER charge any application, set up, documentation or closing fees. Apply online securely for your no obligation proposal for our professional services today.
Advantages of our Professional Services for Your Business
- No Cost Application and Approval Process
- No long term contract or minimum volume requirements
- No monthly service fees
- You remain in control, by having the freedom to pick and choose which clients and invoices to factor
- High advance rate, usually 80%
- Very competitive, simple to understand professional fee structure
- 24 / 7 / 365 secure online tools to help you better manage your cash flow and business
- NO personal guarantee required, just a validity guarantee
- 15 years of experience in the service business industry with excellent client references.
Types of Service Companies We Factor
- Auto Reconditioning
- Computer Consulting
- Courier Services
- Engineering Consulting
- Equipment Rental
- Fitness Equipment Service and Consulting
- Hauling Services
- Healthcare Consulting
- Installation, Inspection & Maintenance (fire sprinklers)
- IT Consultant
- Janitorial Services
- Language Services – Interpreting & Translating
- Lawn Maintenance
- Material Testing
- Patrol Car Security Services
- Project Management
- Property Maintenance & Cleaning
- Semi Trucks and Trailer Repair Services
- Software Consulting
- Transportation > Transportation Factoring Clients
- Travel Industry Marketing Services
- Unarmed Security Guard