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Security Business Working Capital Review

Anne Miller

Anne Miller

Senior Author

Anne Miller

Senior Author

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Security Business Working Capital ReviewAre you a contracting or service-based business that wishes to receive funding and invoices faster than the normal 30, 60, or 90-day cycle? Perhaps this money could significantly help with other business needs – and wish time could move a tad quicker. Well, with Security Business Capital, invoices and receivables could be attainable within 24-hours. Security Business Capital is a factoring-service company, helping businesses, just like you, receive the funding they need much faster than anticipated.

PROS

Security Business Capital prides themselves on their flexible accounts, giving businesses the opportunity to receive their receivables and invoices as soon as possible. On top of this, there are no application fees or monthly minimums, providing a nice benefit.

CONS

When it comes to companies like Security Business Capital, it’s important that they offer the highest level of transparency, ensuring potential clients that the business is viable and trustworthy. For Security Business Capital, they offer some great information and resources; however, their website still leaves businesses guessing the most vital information.

Rates and Fees

Before applying for just any factoring company, it’s imperative to take the rates and fees into consideration. As far as Security Business Capital, you should anticipate, at minimum, at 12 monthly contracts with no monthly minimum for invoices or receivables. Moreover, this company does not offer factors on all invoices.

With an advance rate of 80%-90%, potential clients should anticipate also paying a small $14 fee per wire transfer, which is cheap in comparison to other companies. Aside from this, there are no application fees, making it quick and easy to apply and receive a quote. We do suggestion questioning the specialists regarding their rates and fees as this is the only information available.

Application Process

Enrolling in Security Business Capital is relatively easy and only requires three action steps:

  • Sign up through their online submission form or a phone call.
  • Email the appropriate invoices and information to Security Business Capital
  • Receive cash within 24 hours.

Verdict

In the factoring industry, there are a plethora of different businesses offering to help companies with speeding up the invoicing and receivable process to access more working capital. In light of this, it’s essential to understand the different rates and fees these companies are charging because, if you are not careful, you might just end up paying more in fees than you should. Security Business Capital offers some great opportunities for businesses, including minimal fees, no monthly minimums, and non-recourse Factoring. However, it’s important that, as with any of these companies, to do your research and ask all of the important questions before signing any contract.

Anne Miller


Anne is a Senior Author for SBL. She began her career as an independent consultant for local businesses after graduating with a BA in Management. Since that time, she’s expanded to writing as well as consulting to spread helpful knowledge to small business owners across the country.

 

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