If your Louisiana-based business has been suffering from poor cash flow, accounts receivable financing can be a great way of releasing instant cash without having to commit to a lengthy repayment plan or high interest rates. At 1st Commercial Credit, we provide instant cash in exchange for your customer accounts still-to-be-paid, for only a small one-off fee. If your 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 Louisiana?
Although we would love to provide accounts receivable financing to all types of businesses, unfortunately we can only provide funding to those who sell to commercial accounts on open credit terms.
Factorable Industries within Louisiana
Louisiana has one of the most diverse economies in the USA. Not only does the state provide the largest number of oysters in North America, but it also just so happens to provide half of the nation's wooden matches. This is in addition to being the largest petrochemical producer in the whole of the Western Hemisphere. We provide receivable financing for oilfield service providers and all related industries the relate to the oil and gas industry.
Louisiana contains a huge number of businesses in the area who sell to other businesses on open credit terms, meaning that most of the major industries of the state qualify for accounts receivable financing and need a factoring company.
What Happens if you Don't Qualify for Factoring Receivables?
Of course, not all businesses in the state will be eligible for this type of financing. If your business is unlikely to qualify for factoring, you still have two other great options for releasing instant cash; asset based lending and purchase order financing. Asset based lending allows you to borrow a sum dependent on the total sum of your business assets, while purchase order financing is designed to allow you to pay your suppliers in order to continue business. Contact 1st Commercial Credit today for more information.
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 utilizes 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.