We at Las Vegas Invoice Factoring offer financing and leasing programs, working capital along with additional alternative financing programs, such as; accounts receivable financing, (aka factoring) which is the FASTEST funding program in the financing industry and typically funds within 1-3 business days from obtaining the signed contract.
Please note, many companies don't even realize that factoring is a good option for obtaining working capital. They may not understand factoring or why it is beneficial to use our services. Below is a list that can be used to describe our services and benefits to our client's:
• Obtain working capital to help with business cash flow within days and NOT weeks or months.
• We'll design a creative financial solution that will provide your business with the necessary capital when and where you need it.
• Our cash flow solutions are more flexible than traditional lending.
• Our financing does not show up on your balance sheet as debt.
• We look at the quality of your customer's credit. . .NOT yours.
• We provide a line-of-credit based on sales and NOT your net worth.
How Factoring Works:
With accounts receivable financing, (aka factoring) we purchase our clients' invoices and we typically fund 90% - 95% of the invoices. Our clients receive money almost immediately. We then send the invoice to their customers with normal payment terms. Once the invoice is paid, we fund the rest of the invoice, minus fees. Our clients do not have to wait to get paid, but their customers can still enjoy regular payment terms.
To minimize bad debt risk, we'll perform credit checks on all of our clients' customers. This is a free service and we'll also act as a collections partner to ensure invoices are paid on time.
Frequently Asked Questions:
Q: How do clients begin the factoring process?
A: Clients will need to fill out a simple application, and include the most recent LAST (4) months accounts receivable aging reports, along with ALL pages, if incorporated, we'll need a copy of the Articles of Incorporation, Articles of Organization or DBA filing, a master customer list, and a sample of your invoice.
Q: How is factoring different from a loan?
A: With factoring, we purchase valid commercial invoices. Unlike a bank, we focus on the credit of the debtors -- basically, we rate their ability to pay the invoices we have purchased.
Q: What is the difference between recourse and non-recourse factoring?
A: Non-recourse factoring is when the factoring company takes on the credit risk of the customer, whether the customer pays or not. Recourse factoring means the factoring client ultimately takes the responsibility for the payment of the invoice.
Q: How do clients know what we would actually finance or not?
A: We pull financial and credit information from a variety of different sources. We evaluate the creditworthiness of debtors and will post this information in an easy to use online tool. We provide this service to our clients at no additional cost.
Q: What about fees? Contract terms?
A: Besides the factoring fee, the only other fee is an ancillary fee. Money transfer fees are deducted from the daily purchase. Factoring fees are determined by monthly volume. Typically, the term is a year, but is negotiable in some cases.
Q: Is credit insurance needed on debtors?
A: Any international debt or concentrated debt will need to be insured.
Q: How long does it take to receive the first funding?
A: The initial funding takes between 1-3 business days. . .after we receive the signed contract. After the initial funding, the prospective company can receive funds usually within 24 hours after receipt of the invoices.
Q: How do clients get information on their account?
A: Our clients have 24/7 access to their account through our secure online portal. Once logged in, they can view their entire account history, their reserves, current funding and other important information. Clients will also have a customer Service Representative assigned to their account. They are available during business hours to assist them with all of their needs.
IT COSTS NOTHING TO GET APPROVED and to find out the amount you will qualify for.
Feel free to contact me directly to set up a 10 minute consultation.
Or email me the following information:
Contact Name:
Company:
Company Location:
Email Address:
Phone Number:
Company Description:
Avg. Monthly Sales:
Avg. A/R Balance:
Call, Text or Email us.
George M
Las Vegas Invoice Factoring
702-518-8195
Las Vegas, NV 89119
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