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Invoice Factoring Companies In Las Vegas, NV
Las Vegas, Nevada is a city well known for its gambling and entertainment industries. But due to the area’s popularity with tourists, it has also developed a wealth of small businesses to cater to incoming visitors. If you’re a business owner in the area, you may struggle to maintain cash flow due to seasonal differences in tourism. Invoice factoring can help you bridge these gaps. Invoice factoring companies will purchase your invoice in advance in exchange for the rights to collect it directly from your client. This is often for a fee of less than 1%. We’ve done some research into Las Vegas’ top factoring companies so that you don’t have to.
Lyon Capital Corp.
Lyon Capital Corp. is a local Las Vegas factoring company that provides services to firms in Nevada. They work with companies from any industry but have a minimum requirement of $50,000 in annual revenue for prospective clients. If you’re an extremely small business you may find it hard to work with Lyon Capital.
DB Squared Factoring
DB Squared is a national factoring company that is headquartered in Las Vegas. Although they work with clients from across the nation, they primarily deal with local Nevada companies. You can apply online through their website’s portal – they have a reputation for getting their clients cash within 24 hours of approval.
eCapital is another Las Vegas based factoring company that provides custom factoring services for clients. They are able to tailor make a funding plan for you and your business – this is a great way to alleviate the stress of seasonal gaps in cash flow. If you’d like to see what types of companies they have helped, they have a full list of their partners on their website.
Las Vegas is fortunate enough to have three locally placed factoring companies that service small businesses in the region. Lyon Capital Corp. is the most established of these firms, but they have minimum revenue requirements for companies they work with. DB Squared and eCapital work with businesses of any size or industry.