Accounts Receivable Loans

Borrow Money On Your Accounts Receivable

Over 18 Years in Business

Recent Transactions

invoice factoring for a long haul trucking company dry van

$750,000

Long Haul Trucking Company

invoice factoring for a merger & acquisition finance for metal fabricator

$750,000

Metal Fabricator Acquisition

Accounts Receivable Lending, Man standing in front of his inventory that was purchased by borrowing on his receivables.
Accounts Receivable Lending on outstanding invoices can help you buy more inventory, take early payment discounts and offer longer payment terms to customers..

Accounts Receivable Loans

At 1st Commercial Credit, our accounts receivable lending service is a flexible source of funds for businesses. We specialize in financing the growth of distributors, manufacturers, service providers, transportation companies and exporters. Start Today

Accounts receivable lending is not a loan as most people refer, it is more like and advance or purchase of the receivable, so there is no need to make payments or create debt to your business.

Receivable Financing Rates at 0.69% to 1.59%

18 Years In business & Over 3,200 Clients Funded

  • Fast Approval Process
  • No Up Front Fees to Set up
  • No Financials Required
  • Low Credit Score Accepted
  • 3 to 5 Day Initial Setup
  • Free Invoicing Software

Loans On Accounts Receivable

1st Commercial Credit can lend you up to 97% depending on the amount of accounts you sell to.

Lending on accounts receivable is what we do by advancing funds against your accounts receivable. Due to our expertise and knowledge in the industries we fund, we can provide higher advance rates with competitive fees.

How To Borrow Money On Accounts Receivable?

In the past, it was common for businesses to use banks for all of their financial needs

Trucking Companies use accounts receivable lending services
1st Commercial Credit helps trucking companies establish accounts receivable based lending for daily operations.

As the economy changes, it is clear that there is a need for small businesses to have more than one way to meet their borrowing requirements. Banks put the risk on business owners by giving money in exchange for property collateral. Conversely, a profitable alternative is invoice borrowing or accounts receivable loans. To use services that allow you to borrow money on your receivables, all you need is an unpaid invoice.

Get A Quick $350,000 in 3 to 5 Working Days

WE Lend more than the BANK and Make Same Day Decisions

  • WE Accept Low Credit Scores
  • WE Fund Faster than Any Bank
  • Purchase Order Funding Available
  • Term Loans to Existing Clients
  • No Financials Required
  • No Up-Front Fees To Set Up
  • Financing Rates at 0.69% - 1.59%
  • Custom Rates Available
Woman at her warehouse after borrowing on accounts receivable.
Accounts receivable based loans can help your business grow without additional debt.

Receivable Loans Can Correct Your Cash Flow Problems

Whether you offer a service or a product, you must wait for your clients to pay their bills. While you wait for the check to clear, you may lose an opportunity to invest capital or extend credit to your clients. On the other hand, if you have access to a majority of that cash immediately, your ability to expand your business becomes much easier. Instead of waiting through the process of having your property appraised by the bank, you can have a line of credit extended to you based upon any of your unpaid invoices. This way, slow-paying customers are no longer an issue and you can pay your staff, cover operational expenses, purchase new inventory, pay for unexpected expenses and solve other problems.

Packaged boxes ready to ship after lending on invoices.
Accounts receivable loans can help move your products to sales.

How Do Factoring Companies Provide Account Receivable Loans?

When you have an invoice that has gone unpaid for an extended period, you may be losing money in unexpected ways. For example, other bills that you want to pay may have late fees. An empty bank account can quickly cause checks to bounce, and fees to incur.

In other words, sometimes it is better to lose a small percentage on your unpaid invoices than pay larger amounts as time goes on. This is the idea that makes factoring companies appealing. In some cases, a company with an unpaid invoice can receive up to 97 percent of the original sum. While they may lose $3 for every $100 of the invoice, most companies feel it is better to have the cash today than wait for an invoice to become delinquent.

Why Choose Us?

Accounts Receivable Financing is our Business. 18+ years in business

  • Financing Rates at 0.69% - 1.59%
  • $10,000 & up to $10 million Facilities
  • No Financials Required
  • Set up in 3 to 5 working days
  • No up-front fees - No hidden fees
  • No facility fees - No Audit Fees
  • We Make Same Day Decisions
  • No Monthly Minimums
  • No Invoice Minimum Fees

The Benefits of Borrowing Money on Accounts Receivable

When you are a new business, it is beneficial to build your credit. By borrowing on your receivables, you will be able to earn credit points each time. You can also avoid stiff penalties (and credit report demerits) for forgetting your monthly repayment to the bank.

Other benefits of borrowing money on receivables are:

  • Access to a short-term credit line
  • No need to be approved by the bank system
  • No need to give up equity in the company for investor money
  • Reduction of annual overhead attributed to unpaid invoices
  • Avoiding bankruptcy
  • Evading defaulting on your loans
Woman moving inventory
Lending on accounts receivable provided by 1st Commercial Credit, can help buy more inventory and give you more borrowing power.

Although there may be factoring companies in your local area, you can easily set up an account with similar services online.

Unlike bank loans that require you have equal property collateral, invoice factoring services can allow you to borrow much more. Regardless if you are a small business or a multinational corporation, you can find much easier solutions by borrowing money on your receivables.

1st Commercial Credit offers:

  • Creative financing structures responsive to the unique characteristics of your business.
  • Streamlined credit committee structure that can provide you with rapid and decisive response.
  • Credit line increases in conjunctions with your sales growth.

Related Invoice Factoring Topics:

1st Commercial Credit Provides Asset Based Lending, Purchase Order Financing and Factoring to all States:

Select your state to learn more about how 1st Commercial Credit can help!

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