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Factoring Company in Idaho - 1st Commercial Credit

Most Popular Industries We Fund

Temporary Staffing Agencies

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Trucking Companies

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Manufacturing

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Distributors

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Trade Factoring

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Service Industry

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Oil Industry

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Construction

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Factoring Accounts Receivable in Idaho

If your business has been suffering from a poor cash flow, you may have more options than you think. While most businesses tend to turn automatically to a banking loan, accounts receivable financing can often be a far simpler, cheaper and more flexible option. Accounts receivable financing, otherwise known as factoring, allows you to release the cash from customer accounts that have yet to be paid, rather than actually borrowing money and paying interest on the sum.

At 1st Commercial Credit, we are a factoring company that can make receivable financing easy to obtain for businesses based in Idaho with minimal requirements and usually can have a same day decision. If your business sells to commercial accounts on credit terms, then it may well qualify for this type of financing.

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Which Types of Business Qualify for Receivable Factoring in Idaho?

As a mainly agricultural state, providing 90% of the world's sweet corn seed, the large majority of Idaho-based businesses are likely to qualify for accounts receivable financing. Agricultural businesses themselves usually qualify, as do the logistics and transportation companies based in Boise City that serve the industry.

Any business can qualify for accounts receivable finance as long as it generates sales on open credit terms, and those sales are “final sale.” This means that sales can't be eligible for either refunds or disputes, for obvious reasons. If a sale can be reversed, it is unlikely to qualify for factoring. Generally, if your business sells to other businesses on open credit terms, it's very likely that this type of financing will be an option.

Factoring Companies can offer Other Options

Unfortunately not all businesses will be eligible for accounts receivable financing, but don't worry. There are still plenty of other options that will allow you to release instant cash without having to resort to a banking loan. At 1st Commercial Credit, we provide further options of either asset based lending or purchase order financing. Asset based lending is very similar to a business loan, but comes without the rigorous and lengthy application process. Purchase order financing is designed to help businesses whose production has stalled due to a lack of immediate cash to pay suppliers.

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!

Call now for details at 1 800 876 6071   USA & Canada 

  1. A two page application
  2. An accounts receivable aging report
  3. A customer list with credit limit request
  4. Copy of articles of Incorporation or DBA filing
  5. Purchase orders or rate confirmation agreements
  6. Invoices to factor

Most of our clients are either:

  • 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.

Call now for details at 1 800 876 6071  Start Today

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