Agriculture Factoring Financial Services
Accounts Receivable Financing for the Produce Industry.
Do you need cash now to pay your grower payables, expand your business or increase your working capital?
Our agriculture receivable factoring program is a unique financial
tool and requires account representatives that specialize in meeting
PACA’s strict requirements. At 1st Commercial Credit, setting up an
accounts receivable credit line in the produce industry is a
streamlined process.
Unlike most banks and financial lenders, we know the
special characteristics of the agricultural industry inside and out.
1st Commercial Credit is staffed with people that know the process,
challenges and the opportunities that await your business.
 Would
your business benefit by converting your accounts receivable to
working capital?
Call now at
1 866 524 8080
and request a factoring proposal with no obligation. Agriculture
factoring rates subject to monthly volume and account debtor
quality. Our agriculture factoring program requires a minimum
monthly volume of $100,000 for funding.
You must be able to supply us with up to date
financial statements and receivable aging reports. Our clients
include growers, shippers, brokers and processors ranging in size
from $1.2 million to $60 million in annual sales.
What kind of produce businesses
qualify for an accounts receivable financing services?
Any Business within the
agriculture industry can qualify for this program so long as
they:
- Sell credit worthy businesses.
- Have not pledged accounts receivable as collateral.
- Sell to commercial accounts (no individual consumers)
Most of our clients are either:
- fast growing companies whose past earnings and sales histories
will not justify the increased borrowing
- principals with
bad credit or over extended credit.
Your receivable credit line
is established based on your quality accounts you wish to factor.
Typical Client Example:
Client: A packer / processor in the Atlanta, Ga. area with three
years of experience selling to municipalities, jails and other food
service related clients with average annual revenues of $2 million
expected to double in the next 12 months.
The Client's Problem: The company’s revolving
line of credit was insufficient to finance its accounts receivable
due to rapid growth. In addition, new refrigeration equipment was
needed to satisfy the growth.
Our Solution: We can provide receivables funding and equipment
financing for the expansion.
• $300,000 in accounts receivable financing, allowing it to pay its
PACA obligations while providing additional capital for fixed
operations
• Flexibility to increase the credit line as needed.
Account Receivable Financing Frequent Questions |
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