Could A Factoring Company Help Your Arizona-Based Business?
If your business is suffering from a lack of cash flow?
1st Commercial Credit is a factoring company that can help. If you sell to commercial accounts on credit terms then you could be eligible for accounts receivable financing; where you are able to release instant cash from your accounts receivable rather than having to wait to receive payment.
Types of Arizona Businesses that Qualify for Accounts Receivable Financing:
Any type of business can qualify for accounts receivable finance as long as it sells on open credit terms to credit worthy businesses. In Arizona, we have assisted many businesses in the mining and manufacturing industries who would otherwise have struggled to obtain finance. Even healthy businesses can often struggle to prove their credit-worthiness to banks, and that's where we come in. This is especially true when the industry itself is suffering, as the copper mining industry in Tucson did for many years that affected all the suppliers related to the industry.
Receivable Factoring for all Major Industries that Sell to Commercial Accounts:
While not all industries are eligible for accounts receivable financing, any business whose sales are “final sale,” i.e. they aren't eligible for refunds or disputes and aren't still to be delivered, may well be eligible. In Arizona, that means that manufacturers who sell to other businesses and many businesses involved with the mining industry are likely to be eligible. Other industries may include service based companies invoicing commercial accounts.
Factoring Companies offer other Options
If you're a start-up business looking for a little extra cash to try to increase production or improve business productivity, you may have difficulty proving your credit-worthiness to a bank simply because you don't yet have a credit history. We provide asset-based lending without the complicated application process, based on your businesses' overall assets including premises, accounts receivable and equipment. If you're looking for a way of paying your suppliers to continue production, we also offer purchase order financing to pay your suppliers straight away.
Accounts Receivable Financing is our Business!
Receivable 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
Receivable credit lines starting at 5,000 & up to 10 million
Customer referrals upon your request
We Make Same Day Decisions Start Today
We Make accounts receivable financing a Simple Process!
experiencing cash flow shortages due to a slow turnover in accounts receivable
fast growing companies whose past earnings and sales histories will not justify traditional bank loan financing
start-up businesses with no financing base
principals with good or bad credit and cannot obtain traditional financing
have lost their line of credit due to covenant violations
need export receivable financing, credit protection or purchase order financing
Is your business growing faster than your operating capital?
At 1st Commercial Credit, our accounts receivable financing service is a flexible source of funds for businesses. We simply utilize your accounts receivable as the collateral and advance funds against the face value of your invoices. The receivable credit line grows proportionately with your sales cycle and we can fund as little as $5,000 a month and up to $10 million for larger companies.
Industries 1st Commercial Credit Factors in the USA:
1st Commercial Credit, a nationwide factoring company headquartered in Austin, Texas. Provides accounts receivable financing in the US, Canada, and the UK; offers export trade finance to clients in every major world market and can convert receivable finance transactions in 17 currencies.