For the Investor, it involves the signing of the promissory note, which is a one year renewable contract at 8% interest annually, with interest paid semi-annually or quarterly, but we are flexible to your needs. There are application forms for "Know Your Customer" requirements and we do not have a ceiling as to how much you wish to invest as we are involved in Factoring with Government and very large companies. We recommend a starting account opener of $20,000 but again, we are flexible in that regard.
FINANCIAL INTERMEDIATION PLATFORM - LMG FINANCE, S.A.
PROFILE OF THE ECONOMIC GROUP: LMG Finance, SA, is part of the LMG Group, in which its leading company is Lanco Medical Group, SA, a Panamanian regional pharmaceutical distribution company, focused mainly on the sale and distribution of wholesale quality medicines for the health care of patients in society.
LMG Represents companies in Panama such as: OPTAPHARMA - SWITZERLAND, AUROBBINDO - INDIA / USA, KERN PHARMA - SPAIN, PHARMATHEN - GREECE, INTAS / ACCORD - INDIA / USA, which are put on the stock market, therefore, these companies demand The group in Panama comply with world-class administrative, financial and reputational standards.
The LMG Group is made up of the following companies:
• LMG Finance, S.A.
• Lanco Medical Group, S.A.
• LMG Commercial, S.A.
• LMG Bio, Inc.
• LMG Health, S.A.
• ALCALA Pharma FINANCE, S.A. is a company created in 2019, whose General Manager has more than 23 years in the Panamanian financial system, structuring this company under new and innovative financial processes, which allows us to operate satisfactorily with the new financial and regulatory guidelines, with updated technologies, allowing immediacy to our customers.
LMG FINANCE, S.A. is a short-term financial inter-mediation business platform (maximum 180 days), which allows investors to achieve high returns with a minimum of risk, buying receivable invoices, from local companies; These payments are duly assigned or irrevocably endorsed in favor of LMG Finance, S.A. (*), by final government payers and commercial local triple AAA private companies, with financial solvency, of very low credit risk.
We offer our investors the opportunity to invest in our “Factoring” financial product, with more than 30 years of existence in the Panamanian market. The Superintendency of Banco de Panamá, reports that the amounts that this business currently manages are around $ 6MM annually, and growing. Through this product our investors can achieve high returns, and placement of funds without limiting the amount, and in less than 180 days, high interest amounts are returned to us to reinvest.
Our business model, together with an administration of vast experience in the financial inter-mediation service (Factoring), allows us to perform operations with high returns and low risk for the investor, through the financing of receivable invoices from private suppliers who are paying companies with triple AAA credit ratings, and also from government entities, commercially recognized and with economic solvency.
The instrumentation of our operations consolidated in the vast experience in the management and control of investments in “Factoring”, the transfer or endorsement of the payment of the negotiated invoice, approved by the final payer, guarantees the irrevocable payment commitment to the investment made by the final payer of the total amount due, payable in advance or at the expiration of the negotiation payment of the corresponding invoice.
PROFILE OF THE GENERAL MANAGER: Mr. Victor Murillo has a degree in Finance and Banking from the International Banking Institute, Panama, City. He is currently finishing his Law and Political Science career at ISAE University, with an emphasis on Tax Law, Panama, City. Mr. Murillo started in Panamanian Banking in 1995, at the Banco de Bogotá, in the International Trade area. He was subsequently hired in 1996 by Multicredit Bank, now Multibank, serving as Administrative Assistant of Micro and Small Business. In Multibank, he developed the Bill Collection System for the Government and private companies.
For 8 years he held different positions, eventually becoming a Commercial Banking and Factoring Credit Officer. In 2004, he was hired by Banco Aliado as a Factoring Credit officer. Then he went on to occupy the position of Factoring Manager in Banco Delta in 2007. In 2010 he founded the company Negocios de Factoring de Panamá, S.A. Where he was a shareholder and manager. With this step, he made his way in the private business area. He subsequently founded Arco Factoring, S.A. As a shareholder and manager. In these last two companies he was able to develop effective business strategies that today has given these companies staying power in business.
In 2011, he was hired by Mercado Intercuentas, S.A., for the management of an investment structure for the purchase and sale of accounts receivable. In Mercado Intercuentas S.A., the main operation was the purchase and sale of invoices receivable electronically from local private companies; being these final payers they were companies of high credibility and commercial solvency, affiliated to a procedure in conjunction with Mercado Intercuentas, S.A., to a trust. In this business, Mr. Victor was able to develop technological strategies that allowed him to be the first company in Panama that managed to handle the “factoring” product electronically. In 2019, he decided to become independent and established a business alliance with the LMG Group business group, establishing his own company for managing investments for factoring in all its modalities.
I really like that LMG or the Lanco Medical Group is making available an investment platform including medical activities such as the coronavirus. Doctor Keith....Liverpool , England
Best deal in Panama for my savings. I like the idea that this is a medical group in Panama and Costa Rica, and that they can finance my eventual retirement in Panama. I moved to Costa Rica first but moving to Panama as soon as I am able. LMG is a good combination for me, as a nurse getting ready for my retirement. Liz from Manitoba Canada by way of Costa Rica
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