Information Technology

The Information Technology industry is payroll intensive. Large projects or contracts with multiple IT personnel working full time at high hourly rates can cause payroll challenges for many companies that wait 30-60 days or greater to be paid by their customers. This is especially difficult for growing companies that win new credit term accounts that increase profits, but also dramatically increase accounts receivable balances.

Are you looking for a flexible working capital financial resource to help you consistently meet your payroll financing requirements? Your fast track growth potential often requires greater funding flexibility than a traditional bank or common alternative lender with strict underwriting criteria is willing to accommodate. Beacon Business Capital can provide you an accounts receivable funding program designed specifically for IT companies that require a steady source of capital to manage growth. As your volume increases, Beacon Business Capital will provide you with the cost effective funding you need to meet payroll, expand your business by quickly taking advantage of opportunity and take in extra profits. We provide IT companies with credit facilities from $25,000 to $25,000,000.

Are you ready to discuss your IT Tech payroll funding requirements? The combination of higher bill rates for skilled contractors and extended pay terms of larger accounts can quickly consume a company’s critical cash. Call Beacon Business Capital at 713-828-9085 and we’ll quickly set up a line of credit to lend against your receivables.