Our financing programs can accommodate companies with seasonal or uneven sales patterns or start-up operations with no financial base to rely upon. Any business can qualify for receivable financing if it generates sales on open credit terms to customers with financial credit strength.
Most of our clients are trying to find a solution to finance their growth or whose past earnings will not justify a traditional loan or credit line increase.
When a Tampa manufacturing company is growing, there are many considerations to make, and how the business growth will be financed is a big one. Growth usually requires investment in infrastructure, marketing, expanded inventory, additional staff, and fixed costs associated with the business.
Your Tampa manufacturing company should have the ability to grow without worrying about turning down contracts or be forced to minimize the growth because of cash flow shortages. The reality is that any growing business will have to offer better credit terms to clients, which means payments will take time to arrive. All this comes with running a successful business, and your competitors are experiencing it too. The only difference is whether the right financial partner is selected to go through this with you.
Tampa’s greatest asset is its port, the eleventh largest (by tonnage) in the country and the largest in Florida, handling more than 50 million tons of cargo annually. Our factoring company provides lending options for staffing agencies but also help other industries like healthcare, agriculture, manufacturing, distribution, and trucking companies.
With business-friendly government and community support, low cost of living, and enviable quality of life, Tampa Bay’s perks continue to add up for businesses and 1st Commercial Credit can provide the funds.
Tampa is located along Florida's Gulf Coast on Tampa Bay. The city has approximately 2.88 Million people living in the metro area. This city offers sunshine, blue skies, and an excellent environment for family living. Tampa is also very business-friendly and has evolved into a prominent business center in the country. One can also find an array of other attractions in this city, such as museums, amusement parks. Tampa is known to have a strong Cuban influence on the culture, which has enriched the city culturally. Tampa offers hospitality as warm as its weather.
Another famous attraction is the Tampa Riverwalk. You can bike, run, or walk along the 2.4-mile path with many other great places to visit and see restaurants, the Florida Aquarium, and the Tampa Bay History Center.
Even though the beach is a short drive from Tampa, about 30 minutes, the city's natural attraction lies in the city itself. Tampa's nightlife is one of the main attractions for people of all ages: Ybor City, the main place to go to live music, cocktails, and dancing.
The construction industry in Tampa's downtown area has grown considerably because of young professionals moving and establishing in Tampa. This area of Tampa is full of condominiums and apartment complexes. Part of the reason why Tampa is so appealing to young people is because of its innovative cuisine, concerts, dining options, bars, festivals.
Tampa is a very active, vibrant city. Some of the many outdoor activities to do here include hiking, biking, bird-watching, paddling, and visiting the many parks and preserves in this city like Hillsborough River States Park or Lettuce Lake Park. Kayaking is another popular outdoor activity and enjoys the wildlife around where you can encounter birds, turtles, lazy gators, and even manatees.
Tampa ranks third in terms of population in Florida, making up about one-third of Hillsborough's population. The city of Tampa has experienced unprecedented growth in population and development, which is excellent for businesses established in this area and those wanting to move to Tampa.
Tampa's primary industries include tourism, finance, manufacturing, retail trade, finance and insurance, healthcare and social assistance, tech, construction, professional scientific and technical services, accommodation, food services, and the maritime industry.
Tampa's tax rates are lower than in the rest of the US. The sales tax rate in Tampa is 7% compared to the US average rate of 7.3%, and the income tax rate in Tampa is 0.0% when in the US, the average is 4.6%. Tax rates can make a considerable impact when looking at the cost of living and business.