Business Loans / Financing

Omega Funding can offer a wide variety of financial options for your existing company from Commercial Lines of Credit, Accounts Receivable Factoring, and Purchase Order Funding. We can offer competitive bank terms without the bank delays!

CASH FLOW PROBLEMS? 

Are you waiting 30-60 days or more to get paid by your clients?

THE SOLUTION. FACTOR YOUR INVOICES

How would you like an advance on all the sitting invoices? Tired of calling your customers for payment.  Would you prefer to focus on your business rather than collections? Factoring your invoice may be what you need.

Omega Funding will purchase your commercial accounts receivable, allowing you to generate the cash flow that you need to grow and prosper!                   Factoring is the sale of your accounts receivable (invoices) to a funding source at a discount off the face value in return for immediate cash. The funding source is known as a factor. This is also commonly known as account receivable factoring or invoice factoring.

The process typically works like this: You deliver a product or service and issue an invoice to your customer. Without invoice factoring, you wait 30, 60, or 90 days for payment. With accounts receivable factoring, the factor immediately purchases the invoice and advances an initial payment of 70-95 percent of the invoiced amount.

In most cases, you'll have funds in your account within 24 hours.

When your customer pays the invoice (payment is made directly to the factor), you'll receive the remaining balance (5 to 30 percent of the invoice amount) less the factor's fee.  Fees range from 1-3 percent per 30 days. Depending on many different factors. If over 30 days we will not charge another 30 days of fees. Prorated for daily use.

Waiting to collect on these lengthy billing cycles can put a financial strain on a company that is growing steadily, growing rapidly, or even struggling to survive.  New and growing companies may have trouble receiving traditional financing due to shortage of time in business, diminishing profits and other typical financial criteria used by traditional lending sources.                                         Accounts Receivable Factoring Is NOT Borrowing.                                      You GIVE UP NO EQUITY. Instead, it allows companies to take advantage of their outstanding invoices to raise immediate cash without incurring additional debt or compromising their current financial credit standing.

Call today for free consultation:

720-279-4345       top page

Purchase Order Financing  

Purchase Order financing involves the acquisition of 100% of the inventory required to satisfy outstanding purchase orders.  This type of accommodation enables a company to expand its borrowing capacity, without the disruption of existing loan relationships, while increasing sales and earnings to a level otherwise not possible.

Typical Scenario:

    1. A large purchase order is received.
    2. A supplier requires a letter of credit prior to production.
    3. Additional credit may not be available, or insufficient.
    4. We will establish a facility separate from existing credit lines which will        provide 100%of  the necessary financing to meet your inventory needs.

NOTE:

Actual purchase orders must be from major "credit" customers. NYSE listed companies | government agencies | Large Companies. A third party should manufacture your orders.

What we need for initial review:

1. Your customer's contact information
2. Cost Breakdown. With Purchase Order Financing we fund direct costs or production and shipping only.
3. WIP cycle timing
4. Company background and current financials.                          top page

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COMMERCIAL LINES OF CREDIT

If you have a well established business and are ready to move out of the factoring arrangement we can help. Our commercial lines of credit are best suited for:

• Companies moving out of factoring arrangement
• Companies that have secured assets such as receivables, equipment, or real estate.
• Company may bank qualify but bank has tightened credit lines or limited credit lines.
• Not yet bank qualified.
• Do not have the time to wait for bank funding. We fund in 7-15 days!
• Must be doing at least $350K in monthly revenues

CALL TODAY TO DISCUSS

CALL TODAY TO DISCUSS

720-279-4345

Texas Office: 915-412-5755

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