Telecom and wireless contractors face both opportunities and challenges in a rapidly changing industry, but this can make maintaining a healthy cash flow even more difficult. Many businesses in the telecom and wireless industry face a critical need to invest in new, and typically expensive, technologies to remain innovative, but having enough cash on hand to stay abreast of new technology makes maintaining your cash flow especially critical for your ability to remain innovative.
However, maintaining enough cash on hand is difficult when you are forced to wait 30, 60 or 90 days for customers to pay their invoices. Accounts receivable financing is a popular option for telecom and wireless contractors seeking to bridge the cash flow gaps.
Mōmentum closes deals within 24 hours and offers advances of up to 90 percent, giving your business the cash it needs to make payroll, invest in new resources and prepare for a successful future. Accounts receivable financing can be a great option for companies unable to access traditional means of financing, as Mōmentum works with companies considered un-bankable.
A wide variety of telecom and wireless contractors benefit from accounts receivable financing, including:
- Engineering and planning
- BTS installation
- Power installation
- Power services
- Trenching decommissioning and removals
- OSP services
What Mōmentum offers:
- We close deals in 24 hours
- Advances on accounts receivable up to 90%
- Dedicated Account Executive to help manage your account
- Comprehensive back-office collections
- 24-hour access to online system to manage your account
- Online access to perform free credit checks on new customers