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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 New York - 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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New York Businesses Benefit by using Factoring Companies

If you have a business in New York that sells to commercial accounts on credit terms, you may well benefit by factoring your receivables. What this means you can get an immediate line of credit using your customer accounts receivable that are due to be paid. This enables your business to offer credit terms to your customers.

At 1st Commercial Credit, we make receivable financing easy to obtain with minimal requirements and usually make a decision the same day. Contact us today to find out how suitable accounts receivable financing would be for your business.

Call now for details at 1 800 876 6071  Start Today

Which Businesses Qualify for Accounts Receivable Financing in New York?

New York City is the home of a huge number of multinational businesses including banks, insurance providers, record labels and TV stations. Apart from these large businesses there are also many hundreds if not thousands of small businesses in almost every industry, many of whom could benefit by factoring their receivables. Elsewhere in the state, Buffalo has a strong manufacturing industry, specializing in electronic parts and computer equipment. Generally industries which qualify for accounts receivable financing tend to be those that sell to other businesses rather than the public.

As a rough guide, a business can qualify for accounts receivable finance as long as it generates sales on open credit terms to credit worthy customers, and those sales are “final sale.” Most of our clients are fast growing companies whose past earnings and sales histories will not justify a traditional loan. Unlike banks, 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 in New York

Because accounts receivable financing isn't available to all companies, here at 1st Commercial Credit we also offer asset based lending and purchase order financing. Asset based lending is very similar to a traditional banking loan, while purchase order financing is specifically designed for those businesses that are having trouble paying their suppliers. For more information on these services and on factoring receivables, constant 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!

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 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.

Call now for details at 1 800 876 6071  Start Today

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