OCFN By working with Omega Factoring LLC your cash flow problems can be solved. This will give your company both the time and money to focus on critical success factors such as operations, sales, and growth and is one of the oldest methods of providing working capital to businesses. Dating back 4,000 years, factoring has long been used as a feasible and efficient way for businesses to obtain cash flow in order to cover expenses while experiencing growth. This is a chance to obtain cash without providing personal collateral or increasing any interest expense. Factoring is not a loan and does not "muddy up" your balance sheet nor do you accrue interest or penalties. Instead it contains a factoring fee which is clear and objective; it is based on the size of the invoice, the length of time it takes to collect the payment, and the creditworthiness of your customers. Factoring is an aiding program allowing for opportunity to build your credit. With adequate cash flow you can use money from factoring to clean up your debts as well as pay overhead, salaries, and invoices. This will improve your credit history and make it easier to obtain credit from vendors and other financial institutions. When you partner with Omega Factoring LLC you will be able to maintain a balanced and healthy cash flow environment while building credit at the same time. Because your invoices can now be managed by our professional collections service department, your customers will view your company as a healthy vendor of high consequence and stability.
Transaction Size: The factoring of receivable invoices for credit facilities can start at $10,000 (based on outstanding accounts receivable invoices).
Criteria: Most companies qualifying for our invoice purchasing services are B2Bs (business-to-business) in manufacturing, wholesale, distribution and/or services that are generating commercial accounts receivable invoices.
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