If you have a business that sells to commercial accounts on credit terms, you may well qualify for accounts receivable factoring. Many business owners in Georgia find that, although sales are healthy, they have trouble paying their suppliers on time simply because customers only pay at the end of the payment term and some 30 to 60 days late. With accounts receivable factoring, your business can obtain cash immediately. At 1st Commercial Credit, we make receivable financing easy to obtain with minimal requirements and usually a same day decision.
Which Businesses Qualify for Accounts Receivable Financing in Georgia?
Any business can qualify for factoring in Georgia as long as it generates sales on open credit terms to credit worthy businesses, and these sales are “final sale”. As an agricultural region, many businesses involved with the production and transportation of agricultural produce such as cotton, soybeans, peanuts and poultry, have had good success with this type of financing. Many businesses involved with the timber industry also find that it helps them to maintain a healthy cash flow at all times. Even the high-tech industries of Atlanta like temporary staffing agencies and Information Technology companies, sometimes need to increase their cash flow without going through the complicated process of a banking loan.
Generally, our clients in the area 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.
Will Every Business in a Suitable Industry Qualify for Factoring?
While we are generally able to help businesses in the agriculture, timber, and manufacturing industries, we do consider each case individually. Please contact us for more information. Don't worry if you do fail to qualify for accounts receivable financing, however, we offer several other options including asset based lending and purchase order financing. Asset based lending will allow you to borrow a sum based on the strength of your total business assets, while purchase order financing will allow you to pay your suppliers so production can continue uninterrupted even when cash flow is poor.
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.