Do you have a business in Nebraska that sells to commercial accounts on credit terms? If so, you may well benefit from accounts receivable financing, which involves releasing cash from the value of your customer accounts that remain outstanding to be paid. The finance provider, who is known as the factor or factoring company, then receives payment from the customer. At 1st Commercial Credit, we make receivable financing easy to obtain with minimal requirements and usually make a same day decision.
Which Businesses Qualify For Factoring Receivables in Nebraska?
Nebraska is generally an agricultural state, which makes many businesses in the area perfect for accounts receivable financing. This doesn't mean just farming businesses themselves, but also manufacturers who make farming implements, logistics companies who transport produce, and even food production companies who buy raw produce in order to create canned goods.
Generally, any business can qualify for accounts receivable finance if it generates sales on open credit terms to credit worthy customers, but most of the applications we receive tend to be from businesses to other businesses. Most of our clients are fast growing companies whose past earnings and sales histories will not justify a traditional loan. Our financing programs can accommodate start-up operations with no financial base to rely upon or companies with seasonal or uneven sales patterns.
Asset Based Lending and Purchase Order Financing is another option Factoring Companies offer.
If you find that your Nebraska-based business doesn't qualify for accounts receivable financing (perhaps your customers aren't quite as credit worthy as they could be, or perhaps you offer refunds on your sales), there are two more options available which will allow you to release cash in the same way; asset based lending and purchase order financing.
Asset based lending is very similar to a traditional loan in that it allows you to borrow a sum of money which will be repaid back with interest, according to the total value of your business assets. Purchase order financing, meanwhile, involves paying your suppliers so that your business can continue production and continue to make profits. For more information on either of these services, contact 1st Commercial Credit today.
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, our 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 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.