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.
We know that every business in Arizona is different and deserves a customized financing program, and we want you to get the lowest possible rate. We fund unpaid invoices for small, medium, and large companies just like yours every day.
Our customers enjoy incredible growth after they set up an accounts receivable factoring agreement with us. Our factoring rates start as low as 0.69% and are usually no higher than 1.59%. You can start selling your receivables today and obtain cash for your business.
List Of A few Industries We Factor In Arizona:
Just like with any form of financing, there are fees associated with invoice factoring. Our invoice factoring rates are calculated based on the following factors:
When 1st Commercial Credit factors an invoice, a company will generally receive a large percentage of that invoice in advance. The remaining amount is given when your customers pay the invoice in full. Average factoring percentages can range anywhere between 1% and 5%. We offer a broad list of invoice factoring solutions, and our advance rates vary by industry. Industries that involve a higher risk to fund can expect rates between 60% and 80%. However, cash advance percentages for staffing and general businesses can be anywhere from 80% to over 90%.
Our funding solutions provide the total flexibility needed to heighten your company's ability to expand without having to pledge collateral. Businesses in Arizona need more cash flow to run their businesses successfully. In addition, essential suppliers need to get paid, customers require longer credit terms, and 1st Commercial Credit can help make that happen. Our trucking factoring program offers the highest advance rates from 92% to 97% if your business is in the transportation related industry in the USA and Canada.
If you don't solve a consistent cash flow problem within your company, you will be forced to miss out on vendor discounts and many other opportunities. Eventually, your company will run out of money for business expenses and growth opportunities. As a business owner, you will need to evaluate what would be more costly at the end of the day. 1st Commercial Credit's receivables finance program can help your business continue to grow while having a healthy cash flow.
The most known and significant benefit of invoice factoring is having access to immediate cash, but other incredible benefits are associated with this alternative form of financing. In addition to fast cash, when you start factoring invoices, you'll see that factoring companies offer more benefits at no extra cost. With our factoring services, your business will have access to various tools that will help it prosper and succeed.
Administrative Support: The factoring company will run critical back-office functions at no extra charge. We will run background and credit checks for potential clients so you can be sure your new clients will pay for their invoices on time agreed, making it even an easier way to factor in invoices in the future. 1st Commercial Credit will also make collections calls on your behalf and offer 24/7 online reporting so you can focus on other aspects of your business.
Path To A Better Credit: Working with a company that factors invoices is not like obtaining a traditional bank loan. First of all, this financial solution will not add debt to your balance sheet, meaning there is nothing you need to "pay back." Secondly, suppose your company has low or not yet established credit. In that case, you can use factoring to pay down your other outstanding expenses, debts and obtain a strong credit score.
Financial Flexibility: Invoice factoring will give you access to the cash you need whenever you need it, and your sales only limit your funding potential. Your funding can grow as your company grows. There are no minimum or maximums amounts that need to be factored in every week, which means you decide which invoices you factor in and how often.
To summarize, our supply chain finance solutions offer Arizona businesses the highest advance rate against the face value of unpaid receivables. Once set up with our receivable-based credit line, we can offer ancillary financial services to companies. These services include trade payable financing to suppliers, non-audited inventory finance, custom purchase order financing, and international invoice factoring. In addition, 1st Commercial Credit provides funding for many different industries in Arizona. Extra benefits of invoice factoring services include immediate cash flow, credit control, financing, and qualification.
A factoring company (or accounts receivable factoring) converts invoices sold on credit terms for immediate working capital at a discount. It has become a simple, fast and easy way to access business cash flow. In comparison with a traditional bank loan, a company that factors receivables has a quicker approval process.
1st Commercial Credit is a factoring company that specializes in evaluating accounts receivable and can make a prompt approval decision. The documentation requirements are not as lengthy, and the main requirement is that an applicant has invoices for work or orders that have already been satisfied. It also helps to have creditworthy customers. As long as a business has been in operation, meets revenue requirements and is free of liens or legal issues, approval is likelier.
Most businesses require equipment to run operations, grow and make a profit. Equipment financing and leasing are beneficial to many companies in various industries regardless of the type and size of the business. Crucial pieces of equipment are needed to conduct a successful business operation, fulfill orders, and keep customers happy and specialized lenders like 1st Commercial Credit can provide the funds to get it. Business owners have to make the best decisions based on various factors such as cash flow, balance sheet impact, and available credit lines. Equipment finance offers flexible options that can work and accommodate the different objectives of most businesses. 1st Commercial Credit offers equipment leasing and financing for businesses just like yours. One of our most popular programs is equipment financing for trucking and transportation, from which trucking companies can take advantage of having the funds required to keep the loads moving.
Equipment finance companies are responsible for financing a substantial portion of the equipment cost while providing the best financing program for your business needs. If your company requires specific equipment to operate daily, such as computers or construction tools, we can offer the right financing option. Even companies in the trucking industry looking for heavy equipment can benefit and use our financing programs for semi-trucks.
As a professional equipment financing company, we understand that equipment is crucial to many businesses and can result in a financial strain on the business finances. This is why equipment leasing is a viable alternative for many companies. When you choose to lease the equipment for your business, you can take advantage of the following benefits:
1st Commercial Credit works with many businesses in different industries. This is why we offer various equipment leasing and financing program options to choose from. Each program specializes in different sectors to meet specific needs. For example, we provide agriculture equipment finance for business owners looking to finance the equipment needed to run their agribusiness operations successfully. Don’t miss out on any more growth opportunities and finance your equipment with 1st Commercial Credit today.