Blackwater Buys Water Damage Restoration Invoices for Cash
Flexible Invoice Factoring Solutions for Disaster Restoration Contractors
Are You Tired of Waiting?
Are you tired of waiting for insurance carriers and property owners to pay their outstanding invoices?
You’re not alone. Invoice factoring eliminates the wait.
Most water damage restoration invoices can take weeks to settle with an insurance carrier, and even longer to collect. You never really know how much the carrier will pay, and you’re unlikely to see your money for at least a month if not longer.
These uncertain and long payment cycles can put you in a constant cash crunch, making it hard to keep up with critical day-to-day expenses or invest in growth.
Eliminate the wait by factoring your invoices with Blackwater.
When disaster restoration contractors need quick and reliable access to cash, invoice factoring is an attractive alternative. At Blackwater Billing, we specialize in providing spot factoring and accounts receivable factoring tailored to meet the unique needs of your business. Our solutions help bridge the gap between completing a project and receiving payment from insurers, empowering you to keep operations running smoothly.
What Is Invoice Factoring?
Invoice factoring is a financial solution where you sell your invoices to us for an immediate cash advance. Instead of waiting weeks or months for insurance companies or property owners to pay, you receive a funds upfront to cover your expenses and invest in future projects.
At Blackwater Billing, we offer:
Spot Factoring: Choose which invoices you want to factor, giving you flexibility to address immediate financial needs.
Accounts Receivable Factoring: Maintain steady cash flow by factoring multiple invoices, creating a consistent source of funding for your business.
Why Choose Blackwater Billing for Factoring?
1. Immediate Access to Funds
We provide fast cash advances based on the value of your invoices, ensuring you have the working capital needed to pay employees, purchase supplies, and take on new projects without delay.
2. Flexibility to Fit Your Needs
Whether you need spot factoring for a single invoice or ongoing accounts receivable factoring, our solutions adapt to your business model and financial requirements.
3. Expertise in Disaster Restoration
Our team understands the unique challenges of disaster restoration work. From water damage and mold remediation to asbestos and lead abatement, we specialize in factoring invoices tied to Covered Losses, ensuring compliance with insurance standards and industry regulations.
4. Seamless Process
When we purchase an invoice, you no longer need to worry about collecting. We take it from there! We handle the administrative burden, including:
Verifying invoice details
Coordinating with insurance companies
Negotiating and settlement with insurance companies.
Ensuring all documentation meets required standards
Collecting payment
All you need to do is focus on delivering exceptional service.
5. Competitive Rates and Transparent Terms
Our factoring solutions come with competitive fees and clear terms, including a low commission rate and a simple pricing structure. No hidden fees—just straightforward, reliable funding.
How Does Invoice Factoring Improve Cash Flow?
Invoice factoring means you sell your unpaid water damage restoration invoices to Blackwater at a discount in exchange for immediate cash.
Because it’s a sale, not a loan, factoring won’t impact your credit like traditional bank financing.
Blackwater’s Spot Factoring process allows you to sell each invoice one at a time.
Blackwater works with water damage mitigation and hazardous material remediation companies that perform work covered by valid insurance claims.
Eliminate the wait and get cash when you need it!
How It Works
Qualification and Preparation:
We get to know you and your business, and make sure we both have everything necessary to affect a transaction.
Submit Your Invoice:
Provide your completed invoice, signed AOB, and supporting documentation through our secure online portal.
Review and Offer:
We review your submission and provide an immediate cash advance offer.
Receive Funds:
Upon acceptance, we transfer funds directly to your account, giving you quick access to working capital.
We Handle the Rest:
We take over the collection process with the insurer, allowing you to focus on your next project.
The Blackwater Advantage
Specialized for Disaster Restoration
Unlike generic factoring companies, we focus exclusively on contractors in the disaster restoration industry. We understand the complexities of insurance billing and the importance of maintaining cash flow for your projects.
No Long-Term Commitments
Our spot factoring service lets you factor only the invoices you need, providing maximum flexibility.
Professionalism and Transparency
With detailed reporting, easy-to-read terms, and a dedicated team to answer your questions, we ensure a smooth and trustworthy experience.
Move your business forward
Immediate Cash.
Factoring provides immediate access to working capital. No more waiting weeks and months to get paid. Get the cash you need to maintain daily operations and grow your business!
Eliminate Billing Hassles.
No more haggling over invoice line items and payments.
Protect Your Reputation.
Blackwater works to foster strong relationships with insurance companies and all others involved in each claim. Rest easy knowing you have professional advocate in your corner who is eager to protect your reputation.
Easy to Qualify.
Factoring is not a loan and does not involve debt. Factoring does not require collateral or other requirements that might be typical with debt financing.
Blackwater gives high priority to the track record of your business, the quality of your invoices, and the quality of your work and documentation when evaluating your business and each invoice.
Factoring Can Be Your Strategic Cash Flow Solution.
Factoring with Blackwater can be a great cash flow solution for water damage restoration businesses of all sizes and stages of growth.
