1st Commercial Credit offers factoring and accounts receivable financing in Quebec, Canada.
En francais
05-08-2006
Quebec businesses can now take advantage of a new form of receivable-based financing offered by 1st Commercial Credit. This new service does not require the strict underwriting criteria that most traditional asset-based lenders dictate.
El Paso, TX, May 2, 2006 – 1st Commercial Credit, LLC (a provider of factoring and accounts receivable financing), now offers services in Quebec, Canada. The Canadian province has been a challenge for many factoring companies due to the complexity of perfecting the liens on accounts receivable. Because local finance companies have enjoyed a monopoly for many years in providing this type of service, Quebec business owners now welcome more competition for this type of financing.
According to Raul Esqueda (founder and president of 1st Commercial Credit): “I am happy to announce that our factoring services are available to businesses that domicile in Quebec. We will bring to the table what no other factoring company has ever done in the past. For years, financiers who were managed by traditionalists with conservative underwriting parameters (similar to banks) have dominated Quebec businesses. This made it difficult for small to mid-sized businesses to tap into this kind of financing.
1st Commercial Credit can provide fast and flexible funding. We do not require financial statements or charge up-front fees to establish an account. We can also provide same day approval and initial funding within 3 working days. These parameters (combined with prime-plus based rates) are completely revolutionizing the way
accounts receivable finance is conducted in both the US and Canada. Also, our (all-inclusive) service fee structure is simple for clients to understand. Unlike most asset-based lenders and banks (that offer this type of financing), there are no origination fees, monitoring service fees, unused credit line interest or quarterly audits.”
Factoring Rates
at 1.59%
for
30 days
The introduction of services in Quebec will include the flagship InterGlobeCarrier (SM) Factoring Credit Lines (transportation receivable-based financing), along with receivable financing for temporary staffing agencies, manufacturers, distributors and service providers.
1st Commercial Credit, LLC has been providing factoring services in Canada for over 5 years and has offices in Toronto, Ontario.
For more information, visit:
www.1stCommercialCredit.ca
1st Commercial
Credit, headquartered in El Paso, TX, provides accounts
receivable financing in the US, Canada, and the UK; offers
export trade finance to clients in every major world
market and can convert receivable finance transactions in 17
currencies.
More on
International
Factoring
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US and Canada Tel 1 800 450 9653
United Kingdom Tel 0 800 404 9669
Start Factoring Today!
About 1st Commercial Credit, LLC
1st Commercial Credit is a provider of
factoring services. Invoice finance programs
available in the
USA,
Canada and the
United Kingdom.
This Document has been
digitally date stamped and is monitored. Please do not copy without permission.
Other related pages by
industry:
Factoring Temporary Staffing Companies
Factoring Medical Staffing Agencies
Factoring IT Staffing Firms
1st Commercial Credit (SM) is a trademark of 1st Commercial Credit, LLC.
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