When companies deal with government contractors, there's often an extended time between invoice and payment. The problem is that working capital is needed today to meet payroll and fund operating costs. By selling your government invoices and accounts receivable to 1st Commercial Credit, you can turn government receivables into immediate cash. We fund clients in a wide range of sectors, including:
Manufacturers — When a manufacturing company is growing, it is crucial to plan how this business growth will be financed. Growth usually requires investment in infrastructure, marketing, expanded inventory, additional staff, and fixed costs associated with the business. Your manufacturing company should have the ability to grow without worrying about turning down contracts or being forced to minimize the growth because of cash flow shortages. 1st Commercial Credit provides manufacturing business loans to firms experiencing working capital shortages.
Service providers — We provide funding for the service industry every day. Factoring offers companies a financial solution by turning invoices into same-day cash. As a result, cash-flow issues caused by slow-paying customers are eliminated. Factoring for service providers involves a debt-free financing solution that gives you money to cover your bills, fund payroll, invest in new resources, and more.