Lexx Funding Inc
358 Turnberry Place Dr.
Wildwood, MO 63011
We fund working capital for your company without your company taking on additional debt by advancing funds on your credit worthy receivables within days giving you the money to improve cash flow, increase profits, and support the growth of your company. We fund most cash flows.
Keywords: accounts receivables, cash flow, working capital, money without debt, invoice funding, business notes, venture capital, factor, factoring
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Interview Q&A
How long have you been in business?
Lexx Funding was founded in 1997. I was in the cash flow business several years before that.
What is your primary product or service?
Lexx supplies immediate working capital for small to medium sized businesses by advancing funds on credit worthy receivables. Our clients receive cash without debt.
How did you first become interested in your line of business? (if owner) - What is your background? (If owner or store manager)
We were first interested in buying mortgages.. Then we learned about factoring or accounts receivable (invoices) financing as a way of providing business owners the needed cash to maintain and grow their business. Business owners have to wait too long for their money to come in and they need that cash to pay payroll, supplies, go after new accounts. This was an exciting way to help small to medium sized business. We started in real estate. That lead to invoices.
How do you differentiate yourself from other businesses in your category and area?
First, there are very few factors who fund on credit worthy invoices under $25,000. We can help a new company without a banking history, a business owner with little credit, or a company which doesn't have collateral because we rely on the credit of our client's customer. We discover the financial need of our client and propose a plan to solve their problem.
How many locations do you have and do you have plans to expand?
We have one location in Wildwood, Missouri. We can handle clients almost anywhere in the world. If we cannot help the client, we will refer them to a suitable factoring company. We handle most industries internally. We broker out medical receivables.
Provide detailed directions to your location
We are in west county, a suburb of St. Louis, MO
What type of payments do you accept?
We get our payments from our clients customers. Usually they come by check or ACH.
Which areas do you service?
We would be interested in talking with all business owners who have an immediate need for working capital.
Who owns your company or runs daily operations?
The company is an LLC. Joy Ann Venverloh, runs the daily operations.
What are your hours of operation?
Our hours are from 8AM to 5PM Central Standard time.
What is the best compliment anyone can give you?
People tell me all of the time that they wouldn't have gotten a contract and been able to complete it on time and on budget without Lexx Funding. Also that Lexx Funding is the reason that they are still in business.
What is your favorite quote or Bible verse?
Do unto others what you would have them do to you.
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