FACTORING FUNDING ASSET BASED LENDING

We purchase your unpaid receivables and turn them into immediate cash Minimum requirements

Companies with revenues between $5-$50 mlns

Companies with more than 2 years of history

Companies with customers in the United States

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What's invoce factoring?

Here’s how it typically works: The business sells its invoices to the factoring company, which then advances a percentage of the invoice value
(usually around 85%) to the business upfront. The factoring company takes over the responsibility of collecting payments from the customers mentioned on the invoices.
Once the customers pay their invoices in full, the factoring company releases the remaining balance to the business, minus a small factoring fee.

Why Finamco Factoringn Credit?

  • Quick response
  • Quick setup time
  • No hidden fees
  • Lines of credit between $200,000 and $5,000,000
  • Factoring fees from 1.29% to 1.69%
Factoring benefits

Invoice factoring offers several benefits to businesses, especially those that face cash flow challenges due to slow-paying customers. It provides:

  • Immediate working capital
  • Improves cash flow
  • Allows businesses to meet their financial obligations, such as paying suppliers, covering operational expenses, or investing in growth opportunities.
  • Factoring companies often handle the collection process, relieving businesses of the administrative burden of chasing unpaid invoices.

Invoice factoring is commonly used by small and medium-sized businesses across various industries,
such as manufacturing, distribution, staffing, and service providers, where lengthy payment terms can create cash flow gaps.
It can be an effective tool to bridge the gap between invoicing and payment, ensuring businesses have the necessary funds to operate and grow.

FINAMCO LLC

We offer factoring in the United States for American invoice issuers and debtors. We offer export factoring for companies.

Differences between Factoring and Funding

Factoring involves selling invoices at a discount to a third-party company, while funding refers to obtaining a loan or line of credit. Factoring involves the third-party company collecting payments from customers, whereas funding requires the business to make loan or credit repayments. Factoring relies on the creditworthiness of the business’s customers, while funding focuses on the business’s creditworthiness. Factoring improves cash flow by converting invoices into immediate cash, while funding can be used for various business purposes. Factoring transfers credit risk to the factoring company, whereas funding leaves credit risk with the business.

Differences between Factoring and Funding

  • Factoring involves selling invoices at a discount to a third-party company, while funding refers to obtaining a loan or line of credit.
  • Factoring involves the third-party company collecting payments from customers, whereas funding requires the business to make loan or credit repayments.
  • Factoring relies on the creditworthiness of the business’s customers, while funding focuses on the business’s creditworthiness.
  • Factoring improves cash flow by converting invoices into immediate cash, while funding can be used for various business purposes.
  • Factoring transfers credit risk to the factoring company, whereas funding leaves credit risk with the business.

Key industries we typically fund

Distributors and Wholesalers

Manufacturers

Services Company

Importers and Exporters

Our story

Founded in 2016, FINAMCO was created by seasoned professionals with deep experience in banking, credit, and factoring to deliver agile, client-focused working capital solutions to SMEs and corporate clients across Colombia.

FINAMCO operates as an Asset-Based Lending (ABL) firm specializing in the structuring, financing, and management of trade receivables portfolios and Supply Chain Finance programs for businesses of all sizes.

Our mission is simple: to help clients achieve their growth objectives by providing tailored short-term funding solutions designed to meet their specific working capital needs and financial circumstances.

Backed by a team with decades of industry expertise, FINAMCO is uniquely positioned to deliver exceptional financial and operational support, ensuring that each client has the resources needed to scale their business successfully.

At FINAMCO, we believe in building long-term partnerships through agile execution, professional guidance, and a commitment to transparency and trust.

Our Company

Purchased receivables last 5 yrs:   >$600M

Purchased receivables last yr:   >$170M

Assets under management (AUM):  >$40M

Client base: >1,200

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