Factoring Company in Illinois - 1st Commercial Credit
Most Popular Industries
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.
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!
A two page application
An accounts receivable aging report
A customer list with credit limit request
Copy of articles of Incorporation or DBA filing
Purchase orders or rate confirmation agreements
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.
City Served in Illinois: Abington Allingtown Amston Andover Ansonia Ashford Avon Bakersville Ballouville Baltic Bantam Barkhamsted Barry Square Beacon Falls Belle Haven Berlin Bethany Bethel Bethlehem Bishops Corner Bissell Bkln Bloomfield Blue Hills Bolton Borough Botsford Bozrah Bradley International Airpor Branford Bridgeport Bridgewater Bristol Broad Brook Brookfield Brooklyn Buckland Bureau Business Practice Burlington Canaan Canterbury Canton Canton Center Center Groton Centerbrook Centerville-Mount Carmel Central Central Village Chaplin Cherry Brook Cheshire Chester Chesterfield Chestnut Hill Clinton Cobalt Colbrook Colchester Colebrook Collinsville Columbia Conantville Connecticut State Prison Corbins Corner Abbott Park Abingdon Adair Adams Addieville Addison Adeline Aden Adrian Afolkey Agnew Akin Alba Albany Albers Albion Albright Alden Aledo Alexander Alexis Algonquin Alhambra Allendale Allentown Allenville Allerton Allin Allison Alma Alorton Alpha Alsey Alsip Alta Altamont Alto Pass Alton Altona Alvin Alworth Amboy America AMF O'Hare Anchor Ancona Andalusia Anderson Andover Andrew Anna Annapolis Annawan Antioch Apple River Appleton Arcadia Archer Arcola Arenzville Argenta Argo Argo Fay Argonne Argyle Arlington Arlington Heights Armington Armstrong Arnold Aroma Park Arrington Arrowsmith Arthur Asbury Ashburn Park Ashkum Ashland Ashley Ashmore Ashton Assumption Astoria Athens Athensville Atkinson Atlanta Atlas Atterbury Attila Atwater Atwood Auburn Auburn Park Audubon Augsburg Augusta Aurora Ava Aviston Avoca Avon Ayers Babcock Baden Baden Bader Baileyville Baker Bakerville Balcom Baldwin Ballou Bank of America Banner Bannockburn Barclay Bardolph Bargerville Barnes Barnett Barnett Township Barnhill Barr Barren Barrington Barrington Hills Barrow Barry Barstow Bartelso Bartlett Bartonville Basco Batavia Batchtown Bates Bath Bayle Baylis Beach Park Bear Grove Beardstown Bearsdale Beason Beaucoup Beaver Creek Beaverville Beckemeyer Bedford Park Beecher Beecher City Beechville Belgium Belknap Bell Plain Belle Prairie City Belle Rive Belleville Bellevue Bellflower Bellmont Belltown Bellwood Beloit Belvidere Bement Benld Bennington Bensenville Benson Bentley Benton Berkeley Berlin Bernadotte Berry Berryville Berwick Berwyn Bethalto Bethany Bethel Beulah Heights Beverly Beverly Manor Bible Grove Big Mound Big Rock Big Spring Biggs Biggsville Bigneck Billet Bingham Binghampton Birds Birkbeck Birmingham Bishop Bishop Hill Bismarck Bissell Black Blackhawk Blackstone Blaine Blair Blairsville Blandinsville Bloomingdale Bloomington Bloomington Heights Bloomington Normal Airport Blue Island Blue Mound Blue Point Bluff City Bluff Hall Bluff Springs Bluffs Bluford Blyton Boaz Boden Boggsville Bogota Boles Bolingbrook Bolivia Bolo Bolton Bond Bondville Bone Gap Bonfield Bonnie Bonpas Bonus Boody Boskydell Boulder Boulder Hill Bourbonnais Bowen Bowlesville Bowling Bowling Green Boyd Boyleston Boynton Braceville Bradbury Bradford Bradfordton Bradley Braidwood Breckenridge Breeds Breese Bremen Brereton Briar Bluff Briarwood Trace Brickton Bridgeport Bridgeview Brighton Brimfield Bristol Broadlands Broadmoor Broadview Broadwell Brocton Brookfield Brookhaven Brookport Brooks Isle Brookville Broughton Brownfield Browning Browns Brownstown Brownsville Brush Hill Brushy Brussels Bryant Buckhart Buckingham Buckley Buckner Buda Buena Vista Buffalo Buffalo Grove Buffalo Hart Buffalo Prairie Bull Valley Bulpitt Buncombe Bungay Bunker Hill Burbank Bureau Bureau Junction Burksville Burlington Burnham Burnside Burnt Prairie Burr Ridge Burt Burton Bush Bushnell Butler Byron Byron Hills Cabery Cable Cache Cahokia Cairo Caledonia Calhoun Calumet City Calumet Park Calvin Camargo Cambria Cambridge Camden Cameron Camp Epworth Camp Ground Camp Grove Camp Point Campbell Hill Campbells Island Campus Candlewick Lake Canton Cantrall Capron Carbon Cliff Carbon Hill Carbondale Carlinville Carlock Carlyle Carman Carmi Carol Stream Carpentersville Carrier Mills Carriers Mills Carrigan Carrollton Carterville Carthage Carthage Lake Cartter Cary Casey Caseyville Casner Castleton Catlin Cave Cave in Rock Cayuga Cazenovia Cdale Cedar Point Cedarville Ceffco Center Hill Centerville Central City Central Park Centralia Centreville Cerro Gordo Chadwick Chaflin Bridge Chambersburg Chamnesstown Champaign Champlin Chana Chandlerville Channahon Chapin Chapman Charles A Hayes Charleston Chatham Chatsworth Chauncey Chautauqua Chebanse Check Row Chemung Chenoa Cherry Cherry Valley Chesney Shores Chester Chesterfield Chesterville Chestline Chestnut Chestnut Street Chicago Chicago Heights Chicago Lawn Chicago Ridge Chillicothe Chittyville Chrisman Christopher Cicero Cimic Cisco Cisne Cissna Park Clare Claremont Clarence Clarendon Hills Clark Center Clarksburg Clarksdale Clarksville Clay City Clayton Claytonville Clearing Cleburne Clement Clements Cleone Cleveland Clifton Clinton Clintonia Township Cloverdale Cloverleaf Clyde Coal City Coal Hollow Coal Valley Coalton Coatsburg Cobden Coe Coello Coffeen Colchester Coleta Colfax College Heights College Hills Mall Collins Collinsville Collison Colmar Colona Colp Columbia Columbia Heights Columbus Colusa Comer Como Compton Conant Concord Confidence Congerville Cooksville Cooperstown Coral Cordova Corinth Cornell Cornerville Cornland Cornwall Cortland Cottage Hills Cottagegrove Cottonwood Coulterville Council Hill Country Club Hills Countryside Covell Covington Cowden Cowling Coyne Center Crab Orchard Estates Cragin Crainville Cramers Cravat Creal Springs Crescent City Crest Hill Creston Crestview Terrace Crestwood Crete Creve Coeur Crisp Crook Cropsey Crossville Crouch Crystal Lake Cuba Cullom Cumberland Cumberland Heights Curran Custer Park Cutler Cypress Daggetts Dahinda Dahlgren Dakota Dale Dallas City Dallasania Dalton City Dalzell Damiansville Dana Danforth Danvers Danville Danway Darien Darmstadt Darwin Davis Davis Junction Dawson Dawson Township Daysville Dayton De Land De Pue De Soto Decatur Decorra Deer Creek Deer Grove Deer Park Deer Plain Deerfield Deering Degognia Dekalb Delafield Delavan Delhi Delong Denison Denning Dennison Denver Depue Junction Derby Derinda Center Des Plaines Detroit Devereux Heights Dewey Dewitt Dewmaine Diamond Diamond City Dieterich Dillon Dimmick Diona Divernon Divide Division Street Dix Dixmoor Dixon Dixon Springs Dodds Doddsville Dogtown Dollville Dolton Dongola Donnellson Donovan Dorchester Dorsey Douglas Dover Dow Dowell Downers Grove Downey Downs Drake Drivers Du Bois Du Quoin Dubois Dudleyville Duncans Mills Duncanville Dundas Dundee Dunfermline Dunkel Dunlap Dunlap Lake Dupo Durand Duvall Dwight Dykersburg Eagarville Eagle Creek Eagle Lake Eagle Park Eagle Point Bay Earlville East Alton East Brooklyn East Cape Girardeau East Carondelet East Clinton East Dubuque East Dundee East Eldorado East Fork East Fulton East Galesburg East Gillespie East Hannibal East Hardin East Hazel Crest East Lynn East Moline East Peoria East Saint Louis East Wenona Eastern Eastland Commons Eastland Shopping Center Easton Eaton Echo Lake Eckard Eddyville Edelstein Eden Edford Edgebrook Edgewater Terrace Edgewood Edgington Edinburg Edwards Edwardsville Effingham Egan Egyptian Hills Egyptian Shores Eileen El Dara El Paso El Vista Elba Elburn Elco Eldena Eldorado Eldred Eleanor Eleroy Elgin Eliza Elizabeth Elizabethtown Elk Grove Village Elkhart Elkton Elkville Ellery Elliott Ellis Grove Ellison Ellisville Ellsworth Elm River Elmhurst Elmira Elmore Elmwood Elmwood Park Elsah Elsdon Elvaston Elvira Elwin Elwood Emden Emerson Emington Emma Energy Enfield Englemann Englewood Enion Enos Enterprise Eola Eppards Point Epworth Equality Erie Esmond Essex Etherton Eureka Evans Evanston Evansville Evarts Evergreen Park Ewing Exeter Eylar Ezra Fairbank Fairbury Fairdale Fairfield Fairman Fairmont City Fairmount Fairview Fairview Heights Fall Creek Fancher Fancy Prairie Fandon Farina Farm Ridge Farmer City Farmersville Farmingdale Farmington Fay Fayette Fayetteville Fayville Fenton Ferges Fergestown Ferrin Ferris Fiatt Fidelity Field Shopping Center Fieldon Fillmore Findlay Finney Heights Fisher Fithian Flag Center Flagg Flanagan Flat Rock Fletcher Flora Floraville Florence Florence Station Florid Flossmoor Flowerfield Foosland Ford Heights Forest City Forest Lake Forest Park Forestview Forrest Forreston Forsyth Fort Dearborn Fort Russell Fort Sheridan Foster Pond Fountain Fountain Bluff Fountain Green Four Mile Fowler Fox Lake Fox Lake Hills Fox River Grove Fox River Valley Gardens Fox Valley Frankfort Frankfort Heights Franklin Franklin Grove Franklin Park Frederick Freeburg Freeman Spur Freeport Friendsville Frisco Frogtown Fulton Fults Funkhouser Funks Grove Future City Gages Lake Galatia Gale Galena Galena Knolls Galesburg Galt Galva Ganntown Garber Garden Hill Garden Plain Garden Prairie Gardner Garfield Garfield Park Garrett Gays Geff Genesee Geneseo Geneva Genoa Georgetown Gerlaw German German Valley Germantown Germantown Hills Gibson City Gifford Gila Gilberts Gilchrist Gilead Gillespie Gillum Gilman Gilmore Gilson Ginger Hill Girard Gladstone Glasford Glasgow Glen Glen Avon Glen Carbon Glen Ellyn Glen Ridge Glenarm Glencoe Glendale Heights Glenn Glenview Glenview NAS Glenwood Godfrey Godley Golconda Gold Hill Golden Golden Eagle Golden Gate Goldengate Golf Good Hope Goode Goodenow Goodfield Goodwine Goofy Ridge Gordons Goreville Gorham Goshen Gossett Graceland Grafton Grand Chain Grand Crossing Grand Detour Grand Oaks Grand Prairie Grand Ridge Grand Tower Grandview Granite City Grant Park Grantfork Grantsburg Granville Graymont Grayslake Grayville Great Lakes Greater Peoria Airport Green Creek Green Oaks Green Rock Green Valley Greenbush Greene Greenfield Greenup Greenview Greenville Gridley Grigg Griggsville Grimes Addition Grimsby Grisham Groveland Grover Guilford Gurnee Hafer Hagaman Hagarstown Hahnaman Haines Hainesville Haldane Half Day Hallidayboro Hallsville Hamburg Hamel Hamilton Hamlet Hamletsburg Hammond Hampshire Hampton Hanaford Hanks Station Hanna Hanna City Hanover Hanover Park Harco Hardin Harding Hardinville Harmon Harmony Harp Township Harper Harrisburg Harrison Harrisonville Harristown Hartford Hartsburg Harvard Harvel Harvey Harwood Heights Havana Hawthorn Woods Hawthorne Haymarket Hazel Crest Hazel Dell Hazelhurst Heartville Heathsville Hebron Hecker Hegeler Hegewisch Helena Helm Helmar Heman Henderson Henderson Grove Hennepin Henning Henry Henton Herald Heralds Prairie Herbert Herborn Hermon Herod Herrick Herrin Herscher Hersman Hervey City Hettick Hewittsville Heyworth Hickory Hills Hidalgo High Meadows Highland Highland Park Highwood Hillcrest Hillerman Hillsboro Hillsdale Hillside Hilltop Hillview Hinckley Hindsboro Hines Hinsdale Hinton Hittle Hodgkins Hoffman Hoffman Estates Holcomb Holder Holiday Hills Holiday Shores Hollis Hollowayville Hollywood Heights Holmes Center Homer Hometown Homewood Honey Creek Hononegah Heights Hookdale Hoopeston Hooppole Hoosier Hopedale Hopewell Hopewell Estates Hopkins Park Hopper Hord Hornsby Horseshoe Houston Howardton Howe Hoyleton Hubbard Woods Hubly Hudson Huegely Huey Hull Humboldt Hume Hunt Hunt City Huntley Huntsville Hurst Hutchins Park Hutsonville Hyde Park Idlewood Iles Park Place Illinois City Illiopolis IMBS Ina Indian Creek Indian Head Park Indianola Industry Ingleside Ingraham Inverness Iola Ipava Irene Irishtown Iroquois Irving Irving Park Irvington Island Grove Island Lake Itasca Iuka Ivanhoe Ivesdale Jackson Jackson Park Jacksonville Jacob Jamestown Janesville Jasper Jefferson Jefferson Park Jeffersonville Jeiseyville Jenkins Jerome Jersey Jerseyville Jewett Johnsburg Johnsonville Johnston City Joliet Jonesboro Jonesville Joppa Joshua Joy Junction Junction City Justice Kampsville Kane Kaneville Kangley Kankakee Kansas Kappa Karbers Ridge Karnak Kasbeer Kaufman Kedron Kedzie Grace Keenes Keeneyville Keensburg Keith Keithsburg Kell Kellerville Kemper Kempton Keneddy Kenilworth Kenney Kent Kernan Kerrik Kewanee Keyesport Kibble Kickapoo Kilbourne Kildeer Kincaid Kinderhook Kingdom Kingman Kings Kingston Kingston Mines Kinkaid Kinmundy Kinsman Kirkland Kirkwood Klondike Knapps Noll Knight Prairie Knollwood Knoxville Komatsu Dresser Kortcamp Kumler La Clede La Crosse La Fayette La Grange La Grange Highlands La Grange Park La Harpe La Moille La Place La Prairie La Rose La Salle Lacon Ladd Ladd Junction Lafox Lake Barrington Lake Barrington Shores Lake Bluff Lake Camelot Lake Carroll Lake Centralia Lake Crest Lake Forest Lake Fork Lake in the Hills Lake Lancelot Lake of the Woods Lake Sara Lake Tacoma Lake Thunderbird Lake Villa Lake Wildwood Lake Zurich Lakemoor Lakeview Lakewood Lakewood Park Lamard Lamb Lamotte Lanark Lancaster Lane Lanesville Langleyville Lansing Larchland Larkinsburg Latham Latham Park Laura Lawn Ridge Lawndale Lawrence Lawrenceville Layton Le Roy Leaf River Lebanon Lee Lee Center Leeds Leland Leland Grove Lemont Lena Lenzburg Leon Corners Leonore Lerna Levan Lewistown Lexington Liberty Libertyville Lick Creek Lilly Lillyville Lima Limerick Lincoln Lincoln Park Lincolnshire Lincolnshire Woods Lincolnwood Lindenhurst Lindenwood Lisbon Lisle Litchfield Literberry Little America Little Indian Little Mackinaw Little Rock Little York Littleton Lively Grove Liverpool Livingston Loami Lockport Loda Lodge Logan Logan Square Lomax Lombard Lombardville London Mills Lone Tree Long Branch Long Grove Long Lake Long Point Longview Loogootee Loop Loop Station Loraine Loran Lorenzo Lost Nation Lostant Lou Del Louisville Lovejoy Loves Park Lovington Lowder Lowell Lowpoint Ludlow Lukin Lumaghi Heights Luther Lynchburg
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.
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Receivable Financing Rates
0.69% - 1.59% or Prime +2% & Admin Fee
Quick Approval Process!
No Financials up to $350k
Easy Set-Up in 3 to 5 Days
Request a Quote Online