Advantages of Factoring
Quick and easy capital
Having trouble getting a loan or line of credit for your business? Consider factoring your accounts receivable instead.
Now offer terms to your customers
You can offer goods or services on credit terms of 30 days or more and still get paid as soon as you send out your invoices. This eliminates the risk of a negative cash flow impact.
Maximizes the cash available to you
Factoring provides more cash than traditional bank loans or lines of credit.
No arbitrary line of credit amount
You borrow based on your sales activity so you are automatically set up to finance your growth.
A No Debt Solution
Unlike borrowing money to meet cash flow needs, factoring does not create debt. Getting a loan increases your ultimate expenses by the amount of interest, and reduces the bottom-line value of your business. Loans also require collateral limited by your hard assets. Your balance sheet is more attractive, and your financial position is strengthened.
Cash Flow is more predictable
In addition to speeding up your cash flow, factoring also makes it easier to manage your cash since your invoicing is more predictable than when customer payments will be received.
Reduce Overhead Expenses
With a factoring arrangement your business can greatly reduce your cost of processing invoices because our factoring services can handle that work. We will process your billing, mailing, postage, and accounting for each account. You will be provided with account activity reports giving you full details for each and every transaction.
Flexibility with your financing
Factor when you want, as much as you want, and for as long as you want. With Omni Funding, there is no minimum factoring level or commitment to factor in the future.
Improved credit evaluation
Omni Funding can provide the expertise in helping your business assess changes to existing accounts, and assisting in the development of new accounts.
Grow
You have the financial means for an almost limitless increase in sales.
Think Big
Go after the accounts and contracts you thought were "too big."