Most Popular Industries We Fund
- Finance Rates at 0.69% - 1.59%
- We Make Same Day Decisions
- Credit Lines at $5,000 to $10 million
- No Up-Front Fees to Set Up
- Set Up Account in 3 to 5 Working Days
- No Financials to Set Up an Account
- No Facility Fees or Audit Fees
- No Monthly Minimums - No Hidden Fees
- Customer referrals upon your request
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Financing Receivables is our Business!
At 1st Commercial Credit, our receivable financing service is a flexible and quick source of funds for businesses. We simply utilize your accounts receivable as the collateral and advance funds against the face value of your invoices. Financing Receivables allows your credit line to grow proportionately with your sales cycle. We can fund as little as $5,000 a month and up to $10 million for larger companies.
Call Now 1 800 876 6071
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
Financing Receivables is an alternative method of financing?
Receivable financing, also known as factoring is a method used by businesses to convert sales on credit terms for working capital. Financing accounts receivable has become the preferred financial tool in obtaining flexible working capital for businesses of all sizes. The receivable financing is determined by the financial strength of the customer (Buyer), not the client (The seller of the receivables).
Financing Receivables is available in days, not weeks or months like banks.
Compared to other Factoring Companies, 1st Commercial Credit finances receivables with very little paperwork. Our decisions are not based on financials, tax returns or even equity to debt ratios like banks. We make decisions primarily on the invoicing process, proof of delivery and the credit strength of the account debtor (buyer). We specialize in evaluating accounts receivable and can make a prompt decision within a day. This financial solution involves very little underwriting. The approval process is simple and we can expedite initial funding in 3 to 5 working days. Our clients can enjoy the benefits of our prompt service and begin to use their funds within days of completing an application.
We've got you covered
We offer lending services in the United States, Canada and the UK
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Call Now1 800 876 6071Click Here for a Quote Rates At 0.69% - 1.59%
Most Popular Links:
- Accounts Receivable Loans
- Accounts Receivable Funding
- Invoice Factoring
- Invoice Lending Services
- Cash Flow Lender
- Purchase Order Financing
- International Factoring
- Bank Factoring
- Invoice Discounting
- Payroll Funding
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