Maryland Businesses Benefit by Factoring Receivables
If you have a business in Maryland that sells to commercial accounts on credit terms, you may well qualify for receivable financing. At 1st Commercial Credit, we make factoring of accounts receivable easy to obtain with minimal requirements and usually a same day decision. For a cheaper, faster, simpler option than a banking loan, contact us at 1st Commercial Credit today.
Which Maryland Businesses Qualify for Accounts Receivable Financing?
Any business can qualify for accounts receivable finance if it generates sales on open credit terms to credit worthy businesses. In Maryland, this means that we generally serve the manufacturing companies which produce farming implements, as well as the shipbuilding industry based in Baltimore. All sorts of businesses can qualify, from large, household names to the tiniest of start-up companies.
Most of our clients have either already applied for a traditional loan without success, or don't have the time to go through the rigorous application process. Our accounts receivable financing programs can accommodate start-up operations with no financial base to rely upon or companies with seasonal or uneven sales patterns.
Factoring Companies can also provide Asset Based Lending and Purchase Order Financing
If you don't think your business will qualify for accounts receivable financing, don't worry. At 1st Commercial Credit, we also provide the options of asset based lending and purchase order finance. Asset based lending is basically the same as a traditional loan, but comes requires collateral like a bank loan and lengthy application process. Purchase order financing is designed specifically to pay your suppliers to keep production going. Contact us today for more information.
Financing Receivables 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, financing receivables is a flexible source of funds for businesses. We are a factoring company that simply utilizes your accounts receivable as the collateral and advance money against the face value of your invoices. Financing receivables is a credit line that 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.