If you have a business that sells to commercial accounts on credit terms, you may well qualify for accounts receivable financing, otherwise known as factoring. If you've had trouble getting a loan, perhaps because of your past sales history or lack of a business credit history, factoring is a great option for releasing instant cash. At 1s Commercial Credit, we make accounts receivable financing easy to obtain with minimal requirements and usually a same day decision.
Which Businesses Qualify for Accounts Receivable Financing in Florida?
Any business can qualify for accounts receivable finance as long as it generates sales on open credit terms, and these sales are “final sale.” Although the primary industry in Florida is tourism, which as you can imagine, doesn't tend to generate sales on credit terms, there are actually a huge variety of businesses in the state which do qualify for factoring that service the hotels, food, agriculture and trucking.
There are furthermore plenty of manufacturing companies based in Tallahassee, ‘the silicon valley of the south,' that sell to other businesses on open credit terms, making them perfect candidates for accounts receivable financing. In Jacksonville, meanwhile, there are a large number of transportation and logistics companies which are, again, perfect for this type of finance.
Factoring Companies offer other Financial Options like Asset Based Lending and Purchase Order Financing?
Accounts receivable factoring is available to all industries that provide services, or deliver products to commercial accounts, as long as their sales are “final sale.” Don't panic if you don't meet this criteria, however, it doesn't mean that you have to go through the lengthy and rigorous banking loan application process every time you need a little extra cash.
At 1st Commercial Credit, we also offer asset based lending and purchase order financing to all Florida-based businesses. Asset based lending allows businesses to release cash based on the total value of their business including property, receivables and equipment, while purchase order financing allows a business to pay its suppliers straight away, in order to continue uninterrupted production.
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.