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Accounts Receivable Funding
Provided by 1st Commercial Credit
At 1st Commercial Credit, we have the solutions you need to improve your company's cash flow issues. We offer a service called accounts receivable funding that utilizes your invoiced sales to provide you with the cash you need to pay your bills. This is not a loan. It is a funding option that allows your company to rely on the invoiced sales you have already generated from your customer base.
Cash flow is something that everyone can understand, but it can affect different people in different ways. When your personal cash flow has slowed down, you have options such as credit cards and personal loans to choose from to solve the problem. But when your business starts to experience cash flow problems, the domino effect can cripple your business and leave your company facing a series of financial challenges.
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Click Here for a Quote Rates At 0.69% - 1.59%
What Is Accounts Receivable Funding?
Every business owner would have to agree that the best way to get a company out of financial debt is to be able to collect on outstanding invoices when they are due. We can start funding your receivables to help you get your cash flow kick-started and get your company out of financial trouble.
Funding accounts receivable means that we advance you up to 95 percent of the face value of your outstanding invoices, the balance is sent once we get paid by your client minus our fee. We lend you the money you need using your receivables as collateral, which means that you are not taking on any new debt. Accounts receivable funding is your cash flow resource that gets you the cash you need without having to add more debt to your company's bottom line.
- 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
Call Now 1 800 876 6071
How Does Funding of Receivables Work?
We at 1st Commercial Credit are an internationally recognized leader in accounts receivables funding for small to medium-sized businesses. We are experts at getting your outstanding invoices to work for you instead of against you. We can help your business regardless of its size and no matter how long you have been in business. We can help you even if you just opened your doors this morning. As long as you have legitimate outstanding invoices, then we can fund your receivables.
Our online, two-page application is available 24-hours a day and seven days a week. We always have experts on hand to answer your questions and help you get the money you need. We can advance you anywhere between $5,000 to $10 million, with a significant amount of that money being available instantly.
When you fill out our two-page application, we go right to work confirming your information and trying to get you an answer that same day. Within three to five business days, we will have the money you need in your bank account and ready for you to utilize. We can approve up to $350,000 immediately without any financial statements.
What Are The Requirements For This type of Funding?
One of the most convenient elements of funding receivables is that none of the financial information is based on your company. When we review your information, we check the creditworthiness of your clients and the legitimacy of your invoices. As long as your clients and your invoices check out, then we can help you.
When you sign up for receivables funding, we need your application, an accounts receivables aging report, your customer list, your written credit request, your company's articles of incorporation or DBA filing, your rate confirmation agreements and the invoices you need us to fund. We process that information quickly and get back to you as fast as we can.
Our policy of no challenge too big or too small also works to your advantage. We do not have any monthly or per invoice minimum requirements. That means that we will help you out, no matter what your situation may be.
Why Would I Need to Fund My Receivable Assets?
The biggest misconception about funding your receivables is that it is only something that should be done when your company is in trouble. There are a lot of different reasons as to why receivables funding is the ideal solution to your cash flow problems, and they are not all associated with business problems.
If your company is growing so fast that your cash flow can no longer keep up, then funding accounts receivables is the ideal solution for you. When the invoices and order requests are pouring in so fast that you cannot finance them with the cash you have on hand, then you need invoice funding to help you get the cash you need.
A company that is relatively new may have plenty of outstanding invoices, but it does not have the credit score necessary to get funding from a bank. When you are funding your receivables, you don't need bank financing to achieve your company goals. You can utilize the money from your own invoices to push your company towards success.
Sometimes things happen to companies that can result in problems with their bank funding or line of credit. If you have lost your line of credit for any reason, then contact 1st Commercial Credit and we will show you how funding receivables can replace your line of credit and keep your company out of debt.
When Should I Consider Funding My Receivables?
If you are forced to tell customers that you cannot fill their orders because of your cash flow problems, then you need to contact 1st Commercial Credit about accounts receivable funding.
Many companies have sales cycles that result in periods of the year when the cash flow is slowed due to past due invoices. You can sail right through those sales cycles when you use receivables funding to get you the cash you have coming to you from your invoiced sales.
As the premier funding source for small to medium-sized businesses, 1st Commercial Credit has access to over $2.5 billion in funds available to keep customers in business. The sooner that you contact us and let us know how we can help, the sooner that we can get started on your situation.
Is Accounts Receivables Funding Easy to Set Up?
The 1st Commercial Credit receivables funding program does not require you to submit any of your company's financials to get approved. We have no facility fees, we do not charge any up-front fees, there are no hidden fees and we do not audit your company's financial books up to $350,000.
We can set your account up in five working days or less and then deposit the cash you need within 24 hours. If you need more than $350,000 in accounts receivable funding, then we can work with you to put together a program that works for your organization.
We can work with you even if you have just come out of bankruptcy. Our service is available to companies that are dealing with state or federal tax liens and we can even help companies that have bad credit. Our process is easy and our friendly associates are ready to answer your questions and help you get the cash you need.
We have networks of affiliates and funding partners that can advance cash in up to 17 different currencies. We have a history of helping clients in a variety of industries including oil & gas exploration, medical, manufacturing, distribution, staffing and trucking. If your company extends credit terms to clients, then we can help.
Many of our clients are companies where the principals have bad personal credit, companies who cannot get funding because their recent success is contrary to past financial performance, and companies that have lost their line of credit or funding due to a variety of issues. We can show you how accounts receivable funding solves your problems and gets your company back on track. We can even help companies in need of international accounts receivable funding for their business operations.
At 1st Commercial Credit, our business is accounts receivable funding. We can advance you cash against the face value of your outstanding invoices and get your company the money it needs to cover ongoing operational costs. We know how difficult it can sometimes be to secure a line of credit or bank funding for your company's operations. We are here to tell you that you do not need that kind of financial burden when you have invoices outstanding.
Let us put our years of experience and vast international resources to work for you by improving your cash flow instantly with receivables funding. Your company credit score never comes into play and your company financials are your own business. All we are interested in is helping you to utilize your outstanding invoices to get your cash flow going and meet your company's financial obligations.
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Call Now1 800 876 6071Click Here for a Quote Rates At 0.69% - 1.59%
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