As Your Business Grows
We Deliver The FUNDS
We Deliver The FUNDS
Accounts receivable financing is used by businesses to convert sales on credit terms for immediate cash flow. 1st Commercial Credit adopts a quick and simple approval process and expedites initial funding in 3 to 5 working days.
learn moreAn invoice factoring company in Florida, like 1st Commercial Credit, can offer lending options for your staffing agency with unlimited payroll funding, whether you're a startup or a multi-million dollar operation. Meeting staffing payroll during growth can be challenging. Financing staffing agencies in Florida is a straightforward process for us.
Invoice factoring companies in Florida can accommodate receivable-based credit lines to new temporary staffing companies with minimal funding needs. 1st Commercial Credit also offers asset-based lending solutions for large staffing agencies that can go up to $10 million if needed.
We also provide asset-based lending solutions as a factoring company. We utilize your accounts receivable as the collateral and advance funds using your invoices and the receivable credit line grows proportionately with your sales. 1st Commercial Credit does not focus on your business’ credit score or financial history, as long as you can demonstrate you have creditworthy customers and invoices to factor in, approval is highly likely with us.
We fund staffing agencies in Florida every week, and they usually invoice once a week after that. Our clients require funding as soon as they invoice to replenish their payroll checking account every week. Once an account is set up with us, future funding is an even easier process and can be received within a few hours. Another significant benefit of invoice factoring is the ability to raise cash fast and safely. An additional benefit associated with factoring is that it minimizes the risk against client bankruptcy. This financing alternative also doesn't add debt to your business and can help with collections.
One of the most common financial needs for staffing agencies in Florida is payroll funding. Accounts receivable factoring companies can provide you with fast cash to cover operational expenses, including payroll. Staffing agencies in Florida experience growth after selling their receivables to increase their cash flow for daily expenses. Businesses sometimes have to wait weeks or even months for customer payments to come in. During this time, companies might be cash deficient and may not have the money available to pay for current operational expenses, fulfill orders or grow their businesses. Invoice factoring is a financial solution for businesses in this situation.
If you are looking for a factoring company in Miami, 1st Commercial Credit is ready to offer its financial services and help your business overcome whatever cash flow issues it may be experiencing a the moment. Slow paying customers and long payment terms can result in some challenges when it comes to fulfilling payroll each week or taking care of unexpected expenses.
If you are looking for a factoring company in Miami, 1st Commercial Credit is ready to offer its financial services and help your business overcome whatever cash flow issues it may be experiencing at the moment. Slow paying customers and long payment terms can result in some challenges when it comes to fulfilling payroll each week or taking care of unexpected expenses.
We provide funding for all major cities in Florida including Orlando, Fort Lauderdale, Tampa, and Jacksonville. 1st Commercial Credit factors invoices for Florida and all of its most popular industries. Florida is a state that continues to grow and is attracting many new and established businesses to start or relocate there. It offers a friendly business climate and has a growing pool of workers ready to help your company succeed.
With more than 18 years in the business and after financing many companies in different industries, 1st Commercial Credit has extensive experience providing accounts receivable loans for the staffing industry. We can evaluate your company’s receivable with no commitment to find the best financing program for your business.
A factoring company (or accounts receivable factoring) converts invoices sold on credit terms for immediate working capital at a discount. It has become a simple, fast and easy way to access business cash flow. In comparison with a traditional bank loan, a company that factors receivables has a quicker approval process.
1st Commercial Credit is a factoring company that specializes in evaluating accounts receivable and can make a prompt approval decision. The documentation requirements are not as lengthy, and the main requirement is that an applicant has invoices for work or orders that have already been satisfied. It also helps to have creditworthy customers. As long as a business has been in operation, meets revenue requirements, and is free of liens or legal issues, approval is likelier.
Florida is experiencing growth in all industries and 1st Commercial Credit can provide funding by factoring receivables. Florida’s construction industry is booming and as a result, creating more jobs and positioning the state at the top of the nation’s job growth. This situation creates a great demand for factoring, trade payable financing, and other forms of financing which 1st Commercial Credit can offer.
The manufacturing industry in Florida produces a variety of goods every year, putting it among the top states for manufacturing. With more than 20,000 manufacturing companies in the state and more than 300,000 jobs created, it is crucial for these companies to continue growing to preserve Florida’s healthy economy. Manufacturers need a good cash flow to pay vital suppliers in order to be able to offer better credit terms to customers.
In order to keep up with the fast growth, it is necessary to inject cash into the business while waiting for customers to pay their outstanding invoices.
1st Commercial Credit uses an accounts receivable factoring service which converts invoices sold on credit terms for immediate working capital. Factoring receivables has become a simple, fast and easy way to access business cash flow and avoid cash advance loans. 1st Commercial Credit is a factoring company that specializes in evaluating accounts receivable and can make a prompt approval decision.
Import and export businesses in Florida largely depend on having a reliable cash flow. International trade demands a faster and accessible cash flow than other businesses. The processes are usually lengthy, resulting in an even longer time until payments are received. Because of the logistics involved with international trade, clients will demand flexible and longer credit terms.
This situation can cause a shortage of business cash flow, which will affect operations run smoothly and halt operations. Export factoring can be a valuable tool for solving many of the inherent cash flow issues involved with exporting.
International receivable financing in Florida, also known as international factoring, is a type of cash flow financing solution. A factoring company, like 1st Commercial Credit, purchases your outstanding invoices for cash at a discount. International trade receivable finance provides fast and flexible access to steady cash flow without the lengthy wait for payments to come in. International factoring is an excellent alternative to bank loans, bank financing, and other types of financing that create a high incurring debt.
1st Commercial Credit is an experienced invoice factoring company that provides an international receivable finance program in Florida. Invoice factoring allows companies to worry less about short-term cash flow. They expand their customer base by offering flexible credit terms, which is essential in keeping clients happy and retaining them.
Exporting companies in Florida, distributors, manufacturers, and service providers are coming to 1st Commercial Credit for their foreign trade financial needs. In addition to receivable finance, we also provide purchase order finance, letters of credit, trade payable financing, and credit insurance.
1st Commercial Credit helps U.S.-based companies maintain growth in sales by providing flexible export trade financial services. U.S. companies must offer better financing terms to international customers to succeed in this competitive industry.
Our non-recourse international receivable finance program allows exporters and manufacturers to enhance their sales efforts and expand.
1st Commercial Credit offers receivable finance for manufacturers experiencing working capital shortages and other financial issues.
Manufacturing companies in Florida are experiencing successful growth and success and need an excellent financial partner to provide quick financial solutions by their side. If your business needs a factoring company for manufacturing in Florida, 1st commercial credit has experience working with manufacturers and is here to help.
We know manufacturers and importers need more cash flow injections, and that is why we offer receivable finance programs for companies experiencing working capital issues. Our manufacturing clients are currently facing the following common situations, including cash flow shortages to pay suppliers, cover duty fees and logistics costs, and offer extended payment terms to customers. The majority of the time, these payments are required in advance and can cause financial struggles for companies.
1st Commercial Credit's invoice factoring and accounts receivable lending services provide the financial flexibility needed to enhance your company's capacity to grow and not have to worry about cash flow issues or pledging collateral. We focus on your customer's credit line and financial ability to pay, not on your company's. Invoice factoring is a financial solution used by businesses in many different industries. 1st Commercial Credit factoring process is fast and straightforward.
Once a company sells its products or provides the service, an invoice will be created. Businesses will put their outstanding invoices to work and sell them to a factoring company. 1st Commercial Credit will then pay an immediate cash advance based on the invoice. The invoices are then sent to the customer for payment. When your customer pays the invoice to the factoring company, the remaining balance, minus a small factoring fee, is paid to the business.
Your manufacturing company in Florida should have the ability to grow and not be forced to turn down contracts or have to halt growth because of cash flow shortages. Any growing business will have to offer competitive credit terms to clients, which means payments will sometimes take a long time to arrive. All this is part of running a successful business, and your competitors are experiencing it too. The only difference is whether you select the right financial partner to support you.
Advanced manufacturing companies in Florida can start using their accounts receivable assets to access a healthy cash flow and growth opportunities. 1st Commercial Credit provides financial solutions to manufacturing businesses in Florida that need to offer credit terms to customers by using their receivables assets in exchange for cash flow.
What Is The Invoice Factoring Process With 1st Commercial Credit?
Working with a factoring company in Florida, like 1st Commercial Credit, can bring more benefits than immediate access to cash. Some of the additional advantages a factoring relationship will bring to your business include no long-term contracts, no monthly minimums or maximums, no and no debt is acquired. It also improves credit scores, gives you the ability to take advantage of supplier discounts, and provides 24/7 access to the factoring platform to upload invoices. Approval is also possible for those businesses with poor credit or those trying to build one.
1st Commercial Credit funds Florida-based businesses by offering accounts receivable factoring services. Additional cash flow solutions include purchase order financing and trade payable finance.
The State of Florida is one of the top spots for travel in the world and as a result, it heavily relies on it for its economy. Currently, the Sunshine State ranks 4th in the US economies. Even though tourism is the biggest industry in the state because of its beautiful beaches, Florida also thrives in other industries such as agriculture, international trade, construction, food service, retail, manufacturing, health care, and technology to mention a few. Florida’s weather and location make it a perfect place for industries to succeed.
1st Commercial Credit is an invoice factoring company with more than 18 years in the business. We have worked with many industries and helped businesses in cities like Orlando, Miami, Tampa, Jacksonville, Fort Lauderdale succeed by providing working capital when needed.
Some Industries That We Fund:
We finance staffing agencies with as little as $10,000 a month to $10 million for larger agencies. 1st Commercial Credit also offers receivable finance for manufactures experiencing working capital shortages. The manufacturing industry is very time-sensitive, and every step of the process needs to happen on time for the ultimate delivery to be made. Many moving pieces are working together to create a successful manufacturing company, and we can provide the funding needed to help with this.
We also work in the freight and trucking industry which benefits immensely from our instant cash flow for trucking companies. Funds are received within 24 hours of submitting the invoices or freight bills with signed bills of lading.
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