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As Your Business Grows,We Deliver the FUNDS

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BBB Accredited Business
We Lend More Than The Bank

Factoring Company in Virginia - 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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Can Your Virginia Business Benefit by Factoring Receivables?

Did you ever wish that your customers would all settle their accounts instantly rather than making you wait for payment? Do you have suppliers banging at your door for payment while you wait patiently on your customers to pay you? If so, then it sounds like your business would benefit from accounts receivable financing. This involves receiving a cash sum in exchange for the future payment of your customer accounts, for a small fee. At 1st Commercial Credit, we're dedicated to providing Virginia businesses with an option other than a banking loan. We make receivable financing easy to obtain with a simple application process and usually a same day decision. If your business sells to commercial accounts on credit terms, then you may well qualify for accounts receivable financing. Contact us today for confirmation.

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Which Virginia Businesses Qualify for Accounts Receivable Financing?

Generally, the industries that we work with most often are those that sell on credit terms to other businesses. This means that we are more likely to deal with the shipbuilding and shipping businesses of Norfolk than we are with the tourism and retail businesses of Virginia Beach. We have strong links with the farming industry throughout the state, as well as the mining and distribution industries. A business can qualify for accounts receivable finance if it generates sales on open credit terms to credit worthy customers and those sales are final. Most of our clients tend to be fast growing companies whose past earnings and sales histories mean they have difficulty obtaining traditional banking loans. Where banks need to know that the business itself is credit-worthy, we'll be happy just to know that your customers are.

Factoring Company or Asset Based Lending?

If it so happens that your business doesn't qualify for accounts receivable financing, don't worry; we offer two other options for businesses in the area. Asset based lending is very similar to a traditional banking loan, and will allow the business to borrow cash based on the sum of its total assets, while purchase order financing is specifically designed in order to pay suppliers. 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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