Nevada Invoice Factoring

Factoring Companies in Nevada

Although Nevada is world famous for its casinos, one thing that shouldn’t be a gamble is choosing the right invoice factoring company. That is where Factor Finders can help. Nevada factoring companies are a great resource for businesses of all types that are looking for fast, effective funding. Invoice factoring is a reliable way to help your business expand by expediting the process of collecting the money that is owed to you from your outstanding accounts receivables. Whether your enterprise is centered in Las Vegas or Reno, trust Factor Finders to lead you to the best invoice factoring company for your business’s needs.

The Invoice Factoring Process

1. A factoring company buys your outstanding accounts receivable, giving you up to 98% of its total value within 24 hours of submitting your open and eligible invoices. This provides you with cash right when you need it, instead of having to wait for your customers to pay. The best news of all is that you never accumulate debt throughout the entire process. By purchasing your accounts receivables from you, your factoring company just gives you your money faster — you never borrow.
2. A Nevada factoring company will work with your debtor and collect their payments. Factoring invoices takes the burden of working with your debtors off of your shoulders. Factors handle all of the financing and collecting, while you can refocus your attention on business expansion. Nevada factoring companies generally receive payments from your clients/partners within either 30, 60, or 90 days.
3. Once they have collected from your debtor, factoring companies pay you the remaining balance of your previously outstanding accounts receivables, minus a small service fee. Invoice factoring won’t add any more debt to your balance sheet, relieving you of having to pay back loans, collateral or outrageous interest rates.