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.
A big industry thriving in Arizona is high-tech, but also manufacturing companies are at the front of innovation. A combination of the state’s access to highly-skilled professionals, supply chain, and low business costs make Arizona the ideal place for manufacturing companies to succeed.
Arizona (AZ) ranks first for the manufacturing job growth of medical equipment, pharmaceuticals, and chemicals. The state also employs more than 177,500 workers in the manufacturing industry, higher than the median in the country. Other sectors in high tech thriving in Arizona include aerospace and defense, artificial intelligence and machine learning, autonomous vehicles, biotech, and fintech.
Many successful innovative companies, such as Intel Corporation, are calling Arizona their home, and many see their futures in this state and are there to stay. As more companies open, expand or move their businesses to Arizona, these vital technology sectors flourish, and new sectors are starting to come out.
At 1st Commercial Credit, we offer factoring to manufacturing companies every day and can evaluate your company's receivables with no commitment.
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.
The agriculture industry is a significant contributor to many US states’ economies, and Arizona is not the exception. Arizona’s agriculture industry contributes more than $23.3 billion to the state’s economy and is responsible for creating 138,000 jobs in the state. Arizona used to be known for the 5 C’s, which included copper, cattle, cotton, citrus, and climate because these five factors influenced and drove the economy back in the day. Today, cattle, cotton, and citrus are some of the most prominent products in Arizona’s agriculture sector.
Arizona ranks as the 3rd largest state producer of fresh market vegetables and the 4th in acres of organic vegetables in the country. The state is the second leading producer of pistachios, dates, cantaloupes, honeydews. Yuma, Arizona, provides 90% of all leafy greens in the country and the state also exports to more than 70 countries in the world.
The state of Arizona strives to provide its farmers and ranchers with the best treatment and most favorable regulations so these small business owners, who are great contributors to the agriculture industry, can expand their operations and grow their business. The workers involved in making the agriculture sector work include harvest crews, farmers, ranchers, field workers, scientists, engineers, and equipment dealers.
The Grand Canyon State is the perfect place for all businesses in general because of a combination of factors including, a young workforce, one of the lowest corporate taxes, and a state that offers opportunity and innovation in all sectors. This and many other reasons make Arizona a great state to expand or relocate a business, especially for companies in agriculture and other industries.
With 1st Commercial Credit, setting up an accounts receivable line of credit for the produce industry is a simple process. Unlike other financial lenders, we know the unique characteristics of the agricultural sector. 1st Commercial Credit staff is familiar with the process, challenges, and opportunities that await your business.
Our factoring program will provide capital for your business within just a few days. Once your account is approved, we can finance the invoices and advance the funds within only 24 hours. Your company will receive quick cash and avoid waiting weeks or months to receive payment from customers.