Cash Flow Problems?

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

The Solution: Factoring

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 1-4 percent per 30 days. Depending on many different factors. If offer 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.  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

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.
 

BUSINESS CASH ADVANCE

Use your future sales for cash now.  If you accept credit cards for your business and most of your sales come from credit card purchases we can help.  We can extend you credit based on the cash flow passing through your merchant accounts.  Your Monthly credit card sales will determine the amount of your business cash advance, and your comfort level will determine the repayment amount. 

Requirements:

• Accepts credit cards as a mode of payment

• Processes a minimum of $1,500.00 in credit card sales per month
• Has been in business for at least 1 year
• Seasonal businesses must provide 12 months of sales records; 3 months for non-seasonal businesses

A simple application and request for funding is all you need to get started.  Copies of your merchant account statements and a copy of your business license are normally sufficient documentation in order to complete your funding request.  You can have your financing in 72 hours. 

For an application and to get started today.

Call 720-279-4345

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