Factoring Company offers Colorado Businesses Receivable Financing
If you've never heard of how your business could benefit by factoring or accounts receivable financing, it's time you did. While it can be difficult to obtain a business loan, and the interest charged can be extortionate, accounts receivable financing provides an alternative, allowing businesses to free up cash based on the total value of their accounts receivable. At 1st Commercial Credit, we are a factoring company that can make receivable financing easy to obtain for Colorado businesses with minimal requirements. That's a refreshing change from the lengthy process that's required to obtain a banking loan or other factoring companies.
What Type of Businesses Qualify for Accounts Receivable Financing in Colorado?
Any business can qualify for accounts receivable financing as long as it generates sales on open credit terms to credit worthy businesses, and those sales are “final sales.” In Colorado, the logistics and transportation companies based in Denver are likely to qualify, as are many companies involved in the agriculture and fishing industries of Aurora. As a rough guide, generally it is businesses who sell to other businesses that are most likely to qualify, although there are many exceptions.
Most of our clients are fast growing companies whose past earnings and sales histories will not justify a traditional loan. Our financing programs can accommodate start-up operations with no financial base to rely upon or companies with seasonal or uneven sales patterns.
Industries that Qualify for Factoring
Receivable financing is available to all industries that provide services, or deliver products to commercial accounts. If your sales can be disputed or refunded then they may not be eligible for accounts receivable financing. Naturally, if a sale can be reversed in any way then you won't be able to draw cash upon it.
What Happens if you Don't Qualify for Factoring?
Although not all businesses are eligible for accounts receivable financing, here at 1st Commercial Credit we offer several other options to help businesses obtain instant cash to keep the business running. Asset based lending is one such option, where you can borrow on the strength of your business assets without the need for a rigorous credit check. Purchase order financing, meanwhile, will allow you to pay your suppliers and continue business operations even when cash flow is minimal.
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 factoring service is a flexible source of funds for businesses. We are a factoring company that simply utilize your accounts receivable as the collateral and advance funds against the face value of your invoices. The factoring 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.