1st Commercial Credit introduces a new Contractor Factoring and Funding Program The program has been developed to provide working capital for contractors so they can properly execute their government related construction contracts. In order to have a successful construction funding program, we have chosen to outsource this service to investment partners that understand the contractor industry. They can track and monitor your contracts and invoices and act as your advocate. In this way, we are able to arrange project financing for you and facilitate your compliance with your funding. Our partners will finance your project and your payments will be made directly to them. Request a Receivable Financing Quote Together with our investment partners and disbursing agents, we offer a complete program that finances your project and helps manage your cash flow for the benefit of your customer, and, most importantly, you. The Disbursing Agent helps you financially manage your project by making all payments to suppliers, subcontractors and payroll on your behalf. All cash flow related to the job, including the loan and payments from your customer, is handled by the Disbursing Agent. This relieves you of much of the financial management burden of the project and ensures for all that necessary payments are made on time to avoid issues of mechanics’ and suppliers’ liens, loan default, etc. You will contract with them directly and make all requests and arrangements for payment of project expenses with them.  Our funding partners have years of experience in asset-based and contract lending, we work on your behalf to arrange your funding and facilitate its administration. Some features and benefits of the program may include monitoring and tracking your contracts and invoices. Others services may include packaging and communicating your requests for advances to the lender and communicate the lender’s requirements to the Disbursing Agent Appraisers Architects Asphalt Cable Companies - Contractors - Utility Carpenters Carpet Ceiling/Drywall Electrical Contractors Engineers Excavators Expediters Fire Sprinkler Contractors Flooring General Contractors HVAC Inspectors Landscapers Manufacturers Paving Plumbing Roofing Security Firms Space Planners Steel Fabricators Supply Houses Tile Contractors Underground Utilities We can help you manage the wild swings in cash flow by getting you your money now; not waiting 30, 45 or 60 days. Your suppliers get paid quickly, so that you can negotiate the very best pricing. In many instances, the ability to take discounts and get better material pricing has made up for the cost of factoring. The difference between A/R financing and a bank loan is in A/R financing you use your customer’s credit line as leverage, not yours. A bank loan is based only on your assets and the ability to pay the loan back. When you factor, your growth potential is based on your credit worthy customers and it is virtually unlimited. The more credit worthy customers you sell the higher your credit line becomes. 1st Commercial Credit is committed to helping small companies take advantage of opportunities to grow their business. We create a winning situation all around. We utilize the good credit of the entity ordering the products or services to finance the contractor or vendor who otherwise cannot take on the contract. The vendor wins by accepting and executing new business opportunities that will take them to the next level. The purchasing entity wins by accommodating greater diversity among its vendor base. In many cases, the purchaser has stated or mandated goals for participation among certain types of vendors – We help achieve these goals. Our Contractor Financing Program is specially designed to finance contracts with local, state and federal government agencies. We work particularly well with programs designed at increasing contractor/vendor participation among: locally owned businesses minority owned businesses female owned businesses disadvantaged businesses small businesses Latest News: 02-14-2006 Press Release: 1st Commercial Credit Allocates $30 Million for Fort Bliss 8a Contractors More on Contractor Factoring US and Canada Tel 1 800 450 9653 United Kingdom Tel 0 800 404 9669 Other Services: Purchase Order Finance View Recent Transactions About 1st Commercial Credit, LLC 1st Commercial Credit, a nationwide factoring company headquartered in El Paso, Texas. 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.   Other Articles: 02-05-2005 Factoring is an alternative form of business financing 03-09-2005 Factoring Companies: Number one providers for growth capital in the IT Staffing industry. 11-11-2004 Nurse Registry benefits by Business Manager Program Termination 03-29-2005 Why should I choose a full-service factoring company instead of a Bank offering factoring services. 05-10-2005 What to look for in a factoring company? 07-05-2005 Is Accounts Receivable Factoring right for your Business? 10-10-2005 The Hidden Value in Factoring Accounts Receivable - Credit Expertise. 12-30-2005 Press Release: Flexible International Finance available to US Exporters 12-31-2005 Banks should consider Export Trade Finance Outsourcing 01-12-2006 How to use Accounts Receivable Financing in an acquisition of a business. 01-15-2006 Press Release: 1st Commercial Credit expands receivable financing to Mexico 02-14-2006 Press Release: 1st Commercial Credit Allocates $30 Million for Fort Bliss 8a Contractors 03-13-2006 PR: 1st Commercial Credit offers new freight factoring products for the transportation industry. 05-08-2006 1st Commercial Credit offers factoring and accounts receivable financing in Quebec, Canada. 07-18-2006 PR: Free Freight Matching Load Board sponsored by 1st Commercial Credit 08-28-2006 How to hurdle fast growth financing without adding debt to your business? 09-18-2006 How to improve cash flow without alienating customers or stringing out suppliers. 1st Commercial Credit (SM) is a trademark of 1st Commercial Credit, LLC.

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Quick Link to Financial Resources:

Accounts Receivable Financing  |  Financing Purchase Orders | Asset Based Lending |

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Popular Industries and links:

Freight Factoring | Construction Factoring | Government Contract Factoring | International Factoring
Medical Staffing Factoring | Temp Staffing Factoring | Oil & Gas Industry Factoring | Consumer Contract Factoring

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Countries:

  [Factoring UK]          [Factoring Canada]          [Factoring USA]