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.
1st Commercial Credit provides a variety of purchase order financing solutions to meet your trade financing needs. P.O. financing is suitable for any wholesaler, reseller, importer or any company that purchases and resells goods.
Several situations can cause your Atlanta business to run out of available cash flow. One of the most common ones is having clients with extended payment terms. These terms can range from 30 to 90 days. Another situation is accepting large orders and fulfilling them but taking out a big chunk of money from the working capital reserve.
The following situations are common problems that companies in Atlanta face and where a factoring company can help.
Your company is growing fast, and there isn’t enough immediate cash flow to keep up with demand. Invoice factoring provides the steady funding necessary to take on larger clients, hire more employees, and cover all business expenses. By working with 1st Commercial Credit, you can transform your cash flow and take your business forward. If you’ve ever had to turn down an opportunity due to inadequate cash flow, factoring might be the right financial solution for your Atlanta business.
Waiting weeks or even months for customers to pay is a recurring issue resulting in cash flow shortages.
Sometimes companies can’t afford to wait this long. Payroll, bills, and other responsibilities have due dates and continue to come. Chasing customers for collections is not the solution and can also strain the relationship with the customers.
Factoring can offer you an immediate and effective source of cash flow. What is the best part? 1st Commercial Credit will take care of collections, so you don’t have to.
Your company is brand new and doesn’t qualify for a bank loan because of an unexisting or very young credit score/sales history. Invoice factoring companies fund both startups and long-established businesses. If your company doesn’t qualify for a traditional bank loan yet, don’t panic. If you want a quick injection of cash without incurring debt, a factoring company can help. Factoring is a better financing option than bank loans. Some of the reasons include having a quick and straightforward process, higher likelihood of approval, low or bad credit score is accepted, no financials required, and no debt is acquired!
Your business needs cash today because bills and payments to suppliers have piled up enough, and you need to pay them now. Invoice finance is the perfect solution to solve your immediate cash flow concerns. Factoring is a reliable way to infuse your small business with fast cash flow so you can continue running your business smoothly and efficiently.
You are looking for financial flexibility for your business that factoring companies can offer. Invoice factoring is growing in popularity among all the major industries in Atlanta. Not only does it provide cash within 24 hours, but it also provides the best financial flexibility. There are no minimums or maximums for funding. Factor invoices when you want, how you want. The process of factoring future invoices is made even more accessible and within a few hours because the account is already set up. All you need to do is upload the invoices you want to exchange on our platform at any time!
Working with 1st Commercial Credit will provide your Atlanta business the cash needed. Some of the responsibilities you will now cover and some benefits include business payroll funding, taxes, purchase supplies and upgrade technology, ability to accept larger contracts with longer payment terms, invest in marketing efforts, hire more personnel, take advantage of early payments to suppliers.
In the manufacturing industry, it is usual for businesses to offer extended-term payment plans to clients to be competitive, encourage clients to place larger orders or establish a strong, trusting relationship.
Expenses in the manufacturing business are extensive and constant. Manufacturers in Atlanta have many costs, including buying equipment, materials, paying subcontractors and suppliers, leases, and payroll. Because of this, manufacturing companies often are faced with low cash flow balances. 1st Commercial Credit offers a solution called manufacturing invoice factoring that helps manufacturers in Atlanta offer competitive, extended terms to clients while maintaining a healthy cash-flow balance to sustain and grow their business.
Manufacturing invoice factoring is a financing solution that solves cash flow issues for businesses who operate in industries where it is necessary to offer longer payment terms. These terms usually range anywhere between 30 to 90 days. Instead of a loan, invoice factoring or accounts receivable financing involves selling outstanding invoices to a third-party company like 1st Commercial Credit. The factoring company in Atlanta will provide funding for manufacturers as an advancement based on the value of the outstanding invoices.
Most manufacturing businesses with a reliable client base in Atlanta can usually qualify for invoice factoring. If manufacturing businesses can prove to the factoring company that their clients can pay for the invoices (preferably on time) and have high-volume orders, factoring companies will most likely approve them and immediately set up a financing account.
With invoice factoring, cash flow issues will no longer disrupt your business operations; businesses working with a factoring company like 1st Commercial Credit can easily tap into their receivables asset for immediate working capital. Your Atlanta business may now afford to offer credit terms to larger and new customers. Allow your business to have access to early-pay discounts offered by your suppliers and countless other opportunities.
With 1st Commercial Credit, the minimum criterion to qualify for our Invoice Factoring includes:
Manufacturing companies in Atlanta are choosing 1st Commercial Credit because we offer various supply chain finance solutions. Our process is quick and straightforward. No financials are required to apply, no upfront/hidden/or minimum fees, we make same-day decisions, offer custom rates, and low credit scores are accepted.
The Healthcare Industry is famous for having an old and inefficient billing and payment system. With the added complications of insurance and other procedures, it is normal for medical bills to take weeks or months before they are finally paid. Even though this is a common situation for the healthcare industry, at some point, too many unpaid invoices can have negative consequences and restrict their cash flow and growth opportunities. For this reason, medical companies can benefit from healthcare invoice factoring, also known as medical invoice factoring.
1st Commercial Credit is an accounts receivable factoring company specializing in many industries and financial tools to help businesses. Invoice factoring is a financing process by which a business can convert sales on credit terms to immediate working capital.
Accounts receivable financing has become the preferred financial tool in obtaining flexible working capital for businesses of all sizes and in all industries. Atlanta companies use invoice factoring to compete and maintain their buyers by offering longer than standard payment terms.
Atlanta, Georgia, ranks in the top twenty among world cities and 10th in the nation with $385 billion in gross domestic product. Atlanta's economy is considered diverse, with dominant sectors that include trucking, aerospace, logistics, professional and business services, medical services, media operations, and information technology.
Atlanta is home to the headquarters of 13 Fortune 500 and 24 Fortune 1000 companies. Atlanta and its government are committed to recruiting and bringing new companies to the area. Atlanta's success as a business hub is compelling to businesses worldwide and provides small businesses and entrepreneurs with plenty of resources.
Atlanta has many high-tech jobs making up 5.9% of total employment in the city. The area has a high concentration of college-educated workers, business partners, cybersecurity, high-tech companies, innovation centers, and research universities. This combination will continue to attract tech companies in life sciences, research and development, healthcare IT, software development, FinTech, mobile apps, professional and business services, cybersecurity, advanced manufacturing, and corporate innovation centers. Atlanta's innovation environment and business-friendly culture attract high-tech companies, startups, service providers, and venture capitalists.
Atlanta is highly specialized in transportation, logistics, warehousing, and wholesale trade, with employment concentrated in these industries. Atlanta has excellent connectivity of Georgia's ports to the interstate system, rail, and air cargo. Among major U.S. metros, Atlanta is a relatively low-cost, low-risk place to operate a warehouse.
Atlanta is the South's shining star, a vibrant city with an outstanding quality of life. The city will continue to expand and be the home of many successful companies.
Atlanta, Georgia, was founded in 1837 and has continued to be a city rich in history, creative minds, and fun. As one of the fastest-growing cities in the United States, Atlanta is fast-paced, family and business friendly, and the home to individuals of all ages.
Also known as A-town or Hotlanta, Atlanta is famous for many different things: its diverse musical heritage, its Southern hospitality, its sports teams (the Braves, Falcons, and Hawks, to name a few), and Hartsfield-Jackson International Airport, the world's busiest passenger airport.
The 37th most populous city in the US, Atlanta serves as a cultural and economic center and is the home of more than six million people. The city finds itself among the foothills of the Appalachian Mountains.
Atlanta has many exciting activities for every age. Everyday experiences include eating a hot dog at an Atlanta United game or touring the CNN studios.
We are a company that factors invoices for many industries in Georgia. We offer a variety of financing options for the following cities: