As Your Business Grows,We Deliver the FUNDS

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We Lend More Than The Bank
Is your business growing faster than your operating capital?

Factoring Receivables for Engineers

Why Choose Us? Accounts Receivable Financing is our Business
  • Financing Rates at 0.69% - 1.59%
  • 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
  • Credit Lines starting at $5,000 & up to 10 million
  • Customer referrals upon your request
  • We Make Same Day Decisions
Over 15 years in business
Click Here for a Quote

Call Now 1 800 876 6071

Does Your Business Need Cash Now?

We can help, call us today and get initial funding in 3 to 5 working days. No financials needed, No up-front fees to set up, it is that easy. We can accommodate receivable factoring credit lines to businesses with funding needs up to $10 million a month.

The Invoices to your customers for goods delivered or services rendered can be converted into a "Factoring Business Credit Line" from which you may draw cash to better manage your business. Draw only as much as you need and pay only for what you use. There is no faster financial service available for businesses today.

Receivables finance is a flexible funding solution for the engineering business. The amount advanced to you by 1st Commercial Credit grows directly in line with your sales. You can take advantage of your financial situation and can focus on taking advantage of those new business prospects, factoring will support growth opportunities.

What kind of engineering companies come to us for funding?

  • Young companies experiencing growth and need cash today. In most cases they have been turned down by traditional bank loans due to a lack of a financial track record.
  • Mature companies that have capped their working credit line established by a bank and need more leverage.
  • This situation may require to pay the financial institution off so the client can establish an unlimited factoring credit line that will be based on the customer's credit worthiness.
  • Companies that are experiencing lack of service from another factoring company.
Factoring in the engineering service industry:
  • Architectural Engineers
  • Civil Engineers
  • Construction Engineers
  • Consulting Engineers
  • Drainage
  • Storm Water Management Engineers
  • Electrical Engineers
  • Environmental Engineers
  • Foundation Engineers
  • Industrial Engineers
  • Inspecting Engineers
  • Land Development Engineers
  • Mechanical Engineers
  • Professional Engineers
  • Sanitary Engineers
  • Structural Engineers
  • Tank Engineers
  • Testing Engineers
  • Traffic
Financing receivables for engineering firms for as little as $10,000 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.
  • No monthly volume requirements.
Why do businesses 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.
What is needed to finance a business in the engineering industry?
  • You send the original invoices with proof of performance.
  • The service must be performed before funding.
  • The invoice is verified and then the advance is funded, typically 80% to 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. Payment of the invoices are made directly to us from your customers. Once received, the reserve is paid to you minus the discount fee. At your option, the funds are sent via wire transfer, ACH or check. Credit approval for new accounts is easy. All is needed is the name and address of the customer.
  • Due diligence of liens and pending lawsuits of your company will be performed prior to funding.

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Receivable Financing Rates

Starting At 0.69% - 1.59% Or Prime +2% & Admin Fee

  • Quick Approval Process!
  • No Financials up to $350k
  • Easy Set-Up in 3 to 5 Days
  • Over 15 years in business
Click Here for a Quote
1st Commercial Credit Provides Asset Based Lending, Purchase Order Financing and Factoring to all States: