Service Companies
A wide range of business-to-business service companies share a common financial challenge — they perform the work first and get paid later. Whether you operate a commercial cleaning company, a security services firm, a landscaping operation, a consulting practice, an IT services business, an advertising or marketing agency, or a facilities maintenance company, the pattern is the same: your labor costs are immediate, but your clients pay on 30-, 60-, or even 90-day terms.
For labor-intensive service businesses in particular, this mismatch creates constant pressure. Employees expect to be paid weekly or biweekly. Supplies and equipment need to be purchased. Insurance premiums, bonuses, and training costs don't wait for your clients' accounts payable departments to process your invoice. And the more contracts you win, the wider the gap becomes between what you're spending and what you've collected.
Why Service Companies Are a Natural Fit for Factoring
Service businesses — especially security companies, janitorial and commercial cleaning firms, and similar contract-based operations — are among the most active users of invoice factoring nationwide, and for good reason. The receivables are predictable, the invoicing is recurring, and the cash flow need is constant and directly tied to payroll obligations.
Security companies face one of the longest average payment cycles of any industry, with some research indicating that 90 to 120 days can pass between extending credit and receiving payment. During that time, guards need to be paid, uniforms and equipment need to be maintained, and new contract mobilizations need to be funded. Janitorial and commercial cleaning companies face a similar dynamic — crews are dispatched daily or weekly, supplies are consumed continuously, and payroll is non-negotiable, all while clients pay on their own timeline.
Factoring eliminates the wait. Instead of managing your business around someone else's payment schedule, you convert each invoice into working capital within 24 to 48 hours and move forward.
How Factoring Works for Service Companies
The process is designed to work with your existing billing cycle. After you perform services and generate an invoice to your client, you submit that invoice to Hexagon along with supporting documentation — which may include a signed service agreement, a work order, a timesheet, or proof of service delivery.
We verify the receivable with your client, then advance 80–90% of the invoice value directly to your account, typically within 24 to 48 hours. When your client pays the invoice in full, we remit the remaining balance to you minus a small factoring fee.
For service companies with recurring contracts — monthly cleaning schedules, ongoing security deployments, long-term maintenance agreements — factoring becomes a seamless, predictable part of your cash flow management. You invoice on your regular cycle, you submit to Hexagon, and you receive funding. The rhythm of your capital matches the rhythm of your operations.
Scaling Without the Growing Pains
One of the most common challenges service companies face is the financial strain of growth itself. Landing a new contract should be a milestone — but when it requires hiring and training new employees, purchasing additional equipment, and covering mobilization costs weeks before the first invoice is even generated, growth can feel more like a crisis than an accomplishment.
Factoring addresses this directly. As your invoicing volume increases with new contracts, your access to working capital increases proportionally. There is no need to apply for a larger credit line, renegotiate a loan, or dip into reserves. The facility grows with you — contract by contract, invoice by invoice.
This is particularly relevant for service companies competing for larger contracts with commercial property managers, government agencies, healthcare facilities, and corporate campuses. These clients offer stable, recurring revenue — but they also tend to pay on extended terms and require significant upfront investment in staffing and resources. Factoring gives you the confidence to pursue and win those contracts knowing that your cash flow will keep pace with your commitments.
Why Oklahoma Service Companies Work With Hexagon
National factoring companies that serve the service industry tend to focus on large, multi-location operations with substantial monthly invoice volumes. If you're a locally owned security company, a regional cleaning operation, or a growing facilities maintenance firm serving the Oklahoma market, your account may not receive the attention it deserves from a national provider.
Hexagon is built for Oklahoma businesses. We understand the local market, the types of contracts you're competing for, and the clients you're serving. We take the time to learn your billing cycles, your contract structures, and your staffing patterns so that we can provide funding that aligns with how your business actually operates — not how a national template assumes it should.
Whether you're managing a handful of recurring contracts or scaling to serve dozens of commercial accounts, Hexagon provides the working capital, the receivables management support, and the personal attention that a growing service company needs from its financial partner.