Over 18 Years in Business
Dry Foods Vendor
Security Alarm Installer
Set up your account in 3 to 5 business days.
At 1st Commercial Credit, we understand the challenges that come from running a business with cash flow issues. That is why we are prepared to advance you funds based on the value of your invoices as soon as possible. You will be able to meet your regular obligations and start to think about the ways in which you can grow your business. Start Today
We will be more than happy to evaluate your accounts receivable with no obligation and we will show you how accounts receivable financing can significantly improve your company's finances. Accounts Receivable Finance is not a loan, so there is nothing to pay back. Our financial program is designed as an ongoing receivable asset purchase.
18 Years In business
At 1st Commercial Credit, we are recognized as one of the largest receivable based finance companies for small to medium sized businesses in the industry.
We advance funds to your company by using your outstanding invoices as collateral. When we finance your receivables, we will give you the chance to watch your cash flow gradually grow right along with the increase in your invoiced sales.
The best part about financing accounts receivable is that it is based on the creditworthiness of your clients and not your business. That is why so many businesses are using receivables based financing to solve many of their cash flow shortage problems. It is a cash advance system that relies on the credit scores of your clients, and not your business.
Accounts Receivable Financing is our Business.
The application process for financing receivables is very simple and fast with 1st Commercial Credit's underwriting department. We have the complete application process online, no printing or filling out paperwork by hand. You can submit your application package and get funded in 3 to 5 working days.
All we need to see is an accounts receivable aging report, your customer credit limit request, articles of incorporation, copies of your outstanding invoices and rate confirmation agreements/ purchase orders.
In some cases, we can get you an answer on the same day. It only takes three to five business days to set up your account and start transferring money to your bank account. It is that easy.
Receivable Financing Rates
Financing Rates at 0.69% to 1.59%
We can fund your business, regardless of the size of your business, by using your accounts receivable as collateral. Your company could be one week old and, as long as you have qualified outstanding invoices, we can help you get the funding you need.
We can help any company, regardless of its financial status. We have successfully helped clients who have tax liens and we have also helped companies that could not get approved for a bank loan of any kind. There is no need to rely on a bank when we can provide you with the funding you need based on the invoiced sales that you have.
The important thing to remember about financing receivables is that it is not a loan. This is an advance against invoiced sales your company has already delivered. You are not taking on new debt because you already paid for the labor and products, or the debt still is pending to be paid to suppliers.
We can help companies who cannot get lines of credit because the company principals have bad credit, companies that are growing faster than their incoming cash, or so new that they cannot get funding by a bank.
If you have the invoiced sales to improve your cash flow but slow paying customers are pulling your business down, then we can help. Our financial experts will show you how accounts receivable financing can significantly improve your company's finances and get you the money you need right away.
Select your state to learn more about how 1st Commercial Credit can help!