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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 Utah - 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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Factoring for Utah Based Businesses

Factoring, otherwise known as accounts receivable financing, can be incredibly helpful to any Utah-based business which often finds itself short of cash even if it's healthy in terms of sales and assets. Factoring is where customer accounts that are yet to be paid are exchanged for instant cash for a small fee, and is a great alternative to banking loans which can be both complicated and costly.

Here at 1st Commercial Credit, we make the factoring process as easy as possible. Our application process is simple and quick, with most decisions being made on either the same or the next business day. If your Utah-based business sells to commercial accounts on credit terms, then contact us today to see how we could improve your immediate cash flow.

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Which Utah Businesses Qualify for Accounts Receivable Financing?

As a state with a highly diverse economy, we receive applications from many, varied businesses in the Utah area each year. Although industries such as retail and tourism have become more prominent in recent years, there is still a strong agricultural, Trucking and mining presence in the state. These are the businesses that we most often work with, perhaps because they are the most likely to sell to other businesses on open credit terms.

Any business can qualify for accounts receivable finance as long as it generates sales on open credit terms to credit worthy customers, but those sales must be final. An account can't be financed if there's any chance that it may be reversed.

Most of our clients in the area are fast growing companies whose lack of a credit history means they would find it difficult to obtain a traditional banking loan, despite their potential. Because we understand that a lack of history doesn't mean unreliability, we're happy to offer accounts receivable financing services to start-up companies without extensive sales records.

Factoring Companies Offer More Financial Alternatives

Unfortunately not all businesses in the area are suitable for accounts receivable financing. Perhaps you offer refunds, or perhaps your customers are particularly unreliable. In that case, we offer asset based lending and purchase order financing, both of which can allow you to release cash and pay your suppliers in times of poor cash flow. For more information on both of these services, and to determine whether or not your business will qualify for factoring, 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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