Viva Capital Funding, LLC, is an invoice factoring company for San Antonio, TX. that allows you to grow and get the most out of your business.
Industries in San Antonio That Use Factoring Financing
Several B2B industries in San Antonio make use of invoice factoring finance to effectively manage their cash flow. Included in the industries that benefit the most are:
- Transportation industry
- Healthcare industry
- Oilfield industry
- Manufacturing industry
- Staffing industry
- Service providers
Invoice Factoring Financing
You may be wondering what invoice factoring is and how it works. Here is a simple explanation of what it is:
If your business needs an injection of cash, be it to cover your expenses or to help you expand, you can sell your outstanding invoices. The invoice finance brokers pay you most of the invoice amount and get control of your accounts receivable. Your debtors then pay the factoring company directly, and once the invoice is paid in full, you get the remaining invoice amount – minus their fee.
While a bank loan takes ages and a ton of red tape to get, factoring solutions offer almost instant working capital. On top of that, banks apply hard limits and interest, whereas factors are more flexible because you are paid for what you are already owed.
How it works comprises just six steps:
- One of your customers places an order with you.
- You check the credit of the customer with Viva Capital Funding, LLC.
- Fulfill the order for the verified customer.
- Sell the invoices to Viva Capital and receive cash within 24 hours.
- Viva Capital’s accounts receivables experts take care of the collection process for you.
- Monitor your invoices 24/7 with our Accounts Receivable Reporting.
About San Antonio, TX
The larger San Antonio-New Braunfels metropolitan area has a population of over 2.5 million, while San Antonio is home to almost 1,6 million residents – making it the 7th largest city in the United States.
The assorted cultural influences of the city’s Mexican, Tejano, German, Irish, Czechoslovakian, and other residents give San Antonio a vibrant energy. With modern skyscrapers, downtown historic sites, and a cost of living 10.3% lower than the U.S. average, San Antonio combines a small-town feel with big-city opportunities.
San Antonio’s Economy
You name it, we have it! Boasting an eclectic and resilient business foundation, the greater San Antonio economy bridges commercial ventures with its large military presence. Nicknamed “Military City, USA” because of its high concentration of military bases, San Antonio is home to more than 89,000 defense industry employees. The resultant $5.25 billion effect on the city’s economy has created an environment ideal for competitive R&D, innovation, and industries like:
- Healthcare and bioscience
- IT and cybersecurity
- Hospitality and entertainment
- Manufacturing and transportation
- Financial services
These key sectors have been further developed under the City’s SA2020 program. No wonder San Antonio’s economy is one of the most robust in the country.
Business Resources in San Antonio
The San Antonio Chamber of Commerce works towards developing and sustaining a varied and booming economy by campaigning for and supporting its members.
The City of San Antonio’s Economic Development Department offers several initiatives for small business professionals to expand their presence and incentives to start new endeavors.
SCORE San Antonio provides free business advice, free to low-cost business training, and numerous templates and tools to assist entrepreneurs in starting, building, and expanding businesses.
San Antonio’s Small Business Administration (SBA) makes counseling, capital, and contracting know-how available to give entrepreneurs and small business owners the confidence to start, grow, expand, or recover.
Launch SA is a collaboration between the City of San Antonio and LiftFund that offers a supportive network of direction, education, mentorship, and community to entrepreneurs at all stages, in all industries, and from all backgrounds.
If you need cash to keep your business operating and growing, take advantage of your outstanding invoices by selling them to a factoring company. Contact Viva Capital Funding, LLC, today for more information about our factoring solutions for your business.