BusinessCash is funding during the COVID-19 crisis.

Factoring in Nevada

Need working capital now? Can’t wait 30 or 60 days for your money? We can help.

  • Up to 92% of cash is advanced to you
  • Fast and easy financing in as little as 24 hours
  • Bad credit? No problem. We look at the credit of your client, not yours
  • Tax issues? You can be financed
  • Credit protection with every factoring program

Since 1998 we have proudly served the Silver State of Nevada with Accounts Receivable Invoice Factoring and Purchase Order Funding.

Las Vegas, Reno, Lake Tahoe, and Laughlin attract tourists from around the world. In 2008 266 casinos brought in revenue of $12 billion in gaming revenue, and $13 billion in non-gaming revenue.

Outside of the Las Vegas and Reno areas, mining and cattle ranching are the major economic activities. Gold is by far the most important. The state accounted for 8.7% of world gold production. Silver is second, with 10,300,000 ounces worth $69 million mined in 2004. Additional minerals mined in Nevada include construction aggregates, copper, gypsum, diatomite, and lithium.

Nevada has 187,301 rooms in 584 hotels (of 15 or more rooms). Nevada has one hotel room for every 14 residents, with the national average of one hotel room per 67 residents.

What is a Typical cost of Factoring?

Factoring fees are based on the length of time for payment from your client. Below is an example chart of how fees work based on timeframe.

Fees vary based on your unique funding situation.

Length of Time for Payment Invoice Factoring Rate
20 days 1.00%
30 days 1.50%
45 days 2.50%
60 days 3.00%

Keep in mind that a good factoring company will work with you based on your customer’s payment history and make sure your terms are favorable to you.

Your customers pay in a particular pattern. If your customers all pay in 37 days, then a fee based on 30-day increments would be slightly more costly. That’s because you will end up paying additional factoring fees based on the extra seven days. Factors can design your fees based on your unique situation – daily, 10-day increments, 60-day flat fee, etc.

Here is a list of just some of the Nevada client types we have helped with their Working Capital Needs and the Services we provided:

Ready to get funded? Call us toll-free at (888) 400-5930, complete our secure online funding application, or chat with us.

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