Meeting payroll during growth can be a challenge.
1st Commercial Credit can help you grow your company with unlimited payroll funding , whether you're a start up
security guard firm or a multi-million dollar operation.
Call us now and get initial funding in3 to 5 working days. No financials needed, No up-front fees to set
up, it is that easy. We can accommodate factoring credit lines to new companies with minimal funding needs and up to $10 million for large staffing agencies.
Is
your business growing faster than your operating capital?
At 1st Commercial
Credit, our accounts receivable financing service is a flexible
source of funds for the Security Guard Industry. We simply utilize your accounts
receivable as the collateral and advance funds against the face
value of your invoices. The receivable credit line grows
proportionately with your sales cycle and we can fund as little
as $5,000 a month and up to $10 million for larger companies.
Call us today and see if this financial method
will work for your business.
Security Guard
Services
Receivable
Financing
- Receivable financing rates at 1.59
for
30 days.
- No financials - No monthly minimums
- No invoice minimums
- No facility fees - No audits
- No up-front fees - No hidden fees
- Set up account in 3 to 5
working days - 24 hr funding thereafter
- Receivable credit lines
starting at $5,000 & up to $10 million
experiencing cash flow shortages
due to a slow turnover in accounts receivable
fast growing companies whose past
earnings and sales histories will not justify
traditional bank loan financing
start-up businesses with no
financing base
companies with seasonal or uneven
sales patterns
principals
with good or bad credit and cannot obtain
traditional financing
have lost their line of credit
due to covenant violations
What kind of
security guard companies come to us for funding?
Young companies experiencing growth and need cash today. In most
cases they have been turned down by traditional banks.
Mature companies
that have capped their working credit line established by a bank
and need more leverage.
Companies that
are experiencing lack of service from another factoring
company.
Financing the security guard industry for as little as $5,000 a month and up to
10 million for larger companies.
Credit line based on percentage of eligible
accounts receivable.
Easy to understand financing fees.
Invoices funded within 24hrs.
Eliminate the need for bank loans or SBA loans.
Funding can take place in 3 to 5 working days.
Start up staffing companies
welcomed.
Why do
security guard firms benefit by financing account
receivables with us?
The use of
back-office support for collections and mailing out your
invoices sometimes offset the financing fees or decrease
internal overhead related cost.
Free credit analysis and collection assistance to
prevent bad debt.
Free Reports and statements of your account status via
internet.
Optional full service available with payroll and tax
services.
What is
needed to finance receivables for a business.
1.
You
send the original invoices with proof of performance (logs or time
sheets). The service must be performed before funding.
2.
The
invoice is verified and then the advance is funded, typically 90% of the invoice depending on the credit worthiness of your
customers. Funds will be advanced within 24hrs. following
verification of the invoices. This is usually completed the same
day that they are received.
The
balance of the advance is called the "Reserve". The
reserve is held back until the customer pays the invoice in
full.
3.
Payment
of the invoices are made directly to us from your customers.
Once received, the reserve is paid to you minus the discount
fee.
4.
At
your option, the funds are sent via wire transfer, ACH or check.
5.Credit
approval for new accounts is easy. All is needed is the name
and address of the customer.
6. Due diligence of liens and pending lawsuits of your company will
be performed prior to funding.
[
[
[