Factoring Your Customers’ Invoices
Business owners in Colorado Springs benefit from invoice factoring
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.
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.
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.
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.
- No long-term contracts
- No Application or start-up fees
- No Monthly minimums
- No Fico Concerns
- No personal guarantees in some cases
- No company tax returns required or financials in Some cases
- No personal financial statements or tax returns
- Construction Invoices accepted. All industries accepted
- Easy Approval Process and all Terms and Conditions in Black and White One page approval for you!
Colorado springs business owners. get working capital for your manufacturing company
Omega Funding factoring invoices in just about every industry. If you are providing a good or service to another business in Colorado, we can help you! We have over 30 years in business working with small business owners in helping them grow their business. We like to work exclusively with business owners in Colorado to help them achieve the funding they need.