Lines of Credit for Medical Industry,medical lines of credit
Use your accounts receivables and invoices to get immediate cash for your business
YOU HAVE THE option TO grow your business and give you immediate cash by releasing your funds tied up in your accounts receivables or invoices.
Omega Funding will establish a commercial line of credit, allowing you to generate the cash flow that you need to grow and prosper.
A comprehensive Package of Financing options based soley on your customers and invoices!
Not based on your credit or financials.
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.
Call today for free consultation:
ONE of the Fastest Financing Solutions Available.
Are you Waiting 30-60 Days or more to receive payment on billed invoices? Could an immediate influx of cash help your business grow?
GET FUNDED IN 24 HOURS
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 aninvoice 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.
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.
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.
Not All Factoring Companies are the Same!
Rates, advances, fees, and the services provided vary widely. Different factors prefer certain industries, and may charge more for industries they do not actively service.
There are also non-recourse and recourse factoring programs.
You must be aware of all your options before signing with any factoring company.
Are there long term commitments?
Minimum number of invoices per month, credit analysis, or sales volume you must meet?
How much contact will the Factoring company have with you clients?
When will your reserves be released by the factoring company?
Let us do all the work for you! We do not ask you for money upfront.
In fact our services are free to you as a business owner when it comes to Factoring.
Are you giving your vendors interest Free Loans?
CAN YOUR BUSINESS BENEFIT FROM: