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As Your Business Grows,We Deliver the FUNDS

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We Lend More Than The Bank

Factoring Company in Illinois - 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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Can Your Illinois Based Business Benefit by Factoring?

Do you find that despite healthy sales your cash flow is always short? Do you wish that your customers would settle their accounts just that little bit faster? If so, accounts receivable financing or factoring may be a great option for you. Factoring allows you to exchange your customer accounts that have yet to be paid for instant cash. At 1st Commercial Credit, we are a factoring company that can make this type of financing easy to obtain with only minimal requirements and usually a same day decision. If your Illinois-based business sells to commercial accounts on credit terms, then it may well qualify for this type of financing.

Call now for details at 1 800 876 6071  Start Today

Which Businesses Qualify for Accounts Receivable Financing in Illinois?

One of the primary industries we serve in Illinois the transportation and logistics industry, the slow turn and high daily cost of fuel makes them that are perfect candidates for accounts receivable financing. In Chicago, meanwhile, all sorts of manufacturing companies have found our service to be incredibly useful, including printers and paper manufacturers, as well as food processing and production businesses.

Any business can qualify for accounts receivable finance, just as long as it generates sales on open credit terms to credit worthy businesses, and its sales are “final sale”. Most of our clients have found that they have been rejected for a traditional loan, not because sales are unhealthy, but simply because of a lack of a credit history. Because businesses need cash most for periods of rapid growth, we often deal with start-up companies who have no financial base to rely upon.

Factoring Companies also offer Asset Based Lending and Purchase Order Financing

However, not all businesses can qualify for accounts receivable financing. If your sales are eligible for refunds, or if your customer base isn't particularly credit worthy, you may need to consider other options. Luckily, 1st Commercial Credit provides two other options for instant cash; asset based lending and purchase order financing. Asset based lending allows you to release instant cash based on the total value of your business assets, much like a traditional loan, while purchase order financing is designed specifically to pay your suppliers. Contact us for more information on these services.

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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