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Factoring Company in North Carolina - 1st Commercial Credit

Most Popular Industries We Fund

Temporary Staffing Agencies

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Trucking Companies

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Trade Factoring

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Service Industry

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Oil Industry

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Does Your North Carolina Business Need Accounts Receivable Financing?

If your business has been struggling with poor cash flow despite healthy sales, it may be the case that you would benefit from accounts receivable financing, otherwise known as factoring receivables. This involves selling customer accounts that are yet to be paid to a financing company known as a factor for a small fee.

At 1st Commercial Credit, we make accounts receivable financing easy to obtain with minimal requirements. Because we understand that time is often an important factor, we do our best to make same-day decisions in most cases.

Call now for details at 1 800 876 6071  Start Today

Which Industries Does a Factoring Company Qualify in North Carolina?

As a rough guide, generally the types of business that we work with are those who sell on open credit terms to other businesses. That doesn't mean that those who sell to the public are ineligible, but it is simply more likely that selling on open terms will be conducted with another business. In North Carolina there is a strong industrial presence, with many companies producing cigarettes, textiles and furniture.

The reason we receive so many applications from the area is that manufacturers tend to sell to other businesses on open credit terms. In Charlotte, there is a particularly strong distribution industry. Again, because logistics companies work with other businesses, usually on credit terms, factoring is often a convenient way for these businesses to obtain instant payment.

Which North Carolina Industries Don't Qualify for Factoring Receivables?

If you don't sell on open credit terms, it's unlikely that your business will qualify for accounts receivable financing. Similarly, if you offer refunds or a dispute process, it may not be possible to sell these accounts as it's possible for sales to be reversed.

In that case, we offer asset based lending and purchase order financing as further options. For more information, 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!

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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