Accounts receivable financing is used by businesses to convert sales on credit terms for immediate cash flow. 1st Commercial Credit adopts a quick and simple approval process and expedites initial funding in 3 to 5 working days.
1st Commercial Credit provides a variety of purchase order financing solutions to meet your trade financing needs. P.O. financing is suitable for any wholesaler, reseller, importer or any company that purchases and resells goods.
Obtaining new and bigger contracts is crucial for any business in Montgomery. The ability to run operations and sustain growth will depend on having access to the necessary funds. Because of this, companies need to find the right financial partners that can help them manage short-term cash flow needs. Invoice lending arrangements can be particularly beneficial to those businesses that lack collateral or have had financial challenges in the past.
Our lines of credit secured by accounts receivable help businesses that may not be eligible to qualify for traditional lending for several reasons, including:
Factors can use the value of outstanding accounts receivable to collateralize lending arrangements and provide immediate cash advances to business owners. 1st Commercial Credit makes approval decisions based on the creditworthiness and reliability of the customers owing you money. Because of this, it is considerably easier to be approved for these types of loans and lines of credit.
Meeting specific short-term cash needs means that small businesses will need access to working capital while using short-term assets as collateral for financing. 1st Commercial Credit offers two types of asset-based financing:
Selling your invoices for future payment helps you get cash sooner than if you waited and collected the money on your own from customers. The factoring company that purchases your receivables takes ownership of the invoices and becomes responsible for managing them when the payment terms are over.
If you've decided that factoring is the best solution for your company, you will experience many benefits, including:
Business factoring agreements can be pretty flexible, and you should always try to negotiate for the best terms possible before selecting your factoring partner. With 1st Commercial Credit, you can be sure you will be obtaining the most flexible and accessible terms for your company, and we will always have your business's best interest.
Meeting and fulfilling payroll obligations is a huge challenge for many businesses. Payroll funding offers a financial tool that allows companies to sell their invoices to make payroll each period. When dealing with slow-paying customers, the situation can threaten your payroll and negatively impact your cash flow. Unless you have a backup funding plan, you risk keeping your business afloat.
1st Commercial Credit provides various financial services that give small businesses the ability to solve their cash flow issues. We help business owners maintain a consistent and healthy cash flow by advancing a high percentage of their unpaid invoices so owners can take care of their employees. We finance businesses of all sizes, stages, and many sectors by securing payroll funding through factoring services. If financial struggles in your industry prevent you from paying your employees on time each period, 1st Commercial Credit can help.
1st Commercial Credit is a payroll funding for staffing agencies with extensive experience financing companies going through cash flow shortages. We offer cash advances, and unlike bank loans, factoring provides competitive and flexible financing rates for companies in Montgomery.
Payroll financing offers an essential service to small businesses looking for a reliable funding source to fulfill payroll while improving financial stability. We do this by transforming your business assets into immediate cash to improve your business situation. Companies using our factoring services are more profitable, efficient, and productive as a whole. More importantly, the constant stress of making sure your employees are paid will no longer be a problem.
Business owners often struggle to expand their businesses because they don't want to risk running out of cash reserves because of payroll. Our financing solutions are fast and approval for staffing agency loans takes place within a few working days, and financing can begin within a couple of hours of receiving the invoice.
Small and large trucking businesses encounter many unique challenges, and lenders must be familiar with the specific needs of each business to provide the best service and financing options. 1st Commercial Credit understands these challenges and can create unique solutions to help trucking companies fulfill their financing needs. 1st Commercial Credit is a freight factoring trucking company that has been involved with the transportation and trucking industry for many years and has a comprehensive understanding of what it takes to help businesses move the freight from one location to the customer. The challenges many small trucking fleets face are recurring and costly. Some of these ongoing costs that require funding include vehicle maintenance, permits, and special equipment.
Waiting for invoices to be paid will not get you the cash you need to pay the bills. On the contrary, a specialized lender like 1st Commercial Credit can provide a consistent and reliable cash flow to meet your customer deadlines and continue growing your business. 1st Commercial Credit is a trucking financing company servicing all transportation-related industries in the USA and Canada. We use invoice financing to bring a reliable and attainable business line of credit to small trucking businesses needing funding.
We provide factoring services to various companies in the trucking industry, including refrigerated freight, auto carriers, air freight, long haul, flatbed hauls, freight brokers, and local delivery.
1st Commercial Credit also specializes in semi-truck financing programs which is a financing program that will provide trucking businesses with the working capital needed to purchase a commercial truck. Discovering different truck financing options for transportation and logistics companies can bring the resources necessary to address the main challenges your trucking company faces. 1st Commercial Credit provides financing options for all types of semi-trucks. Some approval considerations will depend on condition, down payment, and monthly revenue for specific trucks. To find the best financing program, you can visit our site or give us a call so we can answer all your questions.
Montgomery is the capital and the second-largest city in Alabama, with a population of 205,764. Montgomery is famously known for its many historical and cultural landmarks and events, including Alabama State Capitol, Dexter Avenue King Memorial Church, First White House of the Confederacy, Alabama War Memorial, and Alabama Shakespeare Theater. The city attracts many visitors each year and is the home of Gunter Air Force Bases and Maxwell.
Montgomery's industries continue experiencing tremendous growth and development, establishing Alabama as one of the nation's top five best business climates. Today, Montgomery is known for being rich in history yet clearly focused on the future. Montgomery is the epitome of economic prosperity and a showplace for southern hospitality, beautiful weather, and high-tech jobs. Some of the key industries in Montgomery include aerospace and aviation, agricultural products and food production, automotive, bioscience, chemicals, forestry products, and metal and advanced materials.