Service companies in Joliet need to offer credit terms to customers to expand their business. These companies utilize and benefit from our funding programs at 1st Commercial Credit.
Service companies can easily tap into their receivables assets for immediate cash flow and take advantage of countless opportunities that your business might be missing out on.
1st Commercial Credit offers factoring services to businesses of all sizes with as little as $10,000 a month in sales volume and up to $10 million in receivable assets. If your business would benefit by converting your accounts receivable to working capital, we can help.
Your company in Joliet should have the ability to grow without periodically having to turn down contracts because of cash flow issues. Many businesses think it is their fault if they face this situation, but this isn't the case. The reality is that any business that wants to grow will have to offer better credit terms to clients, which means payments will come long after the service or goods have been delivered. The right financial partner needs to be selected to go through this with you to succeed.
1st Commercial Credit has experience working with the major industries in Joliet. It can offer asset-based lending, accounts receivable financing (also known as invoice factoring), purchase order financing, and trade payable financing for your company.
We make it an easy and fast process to access cash flow for your business. We leverage your buyer's credit eligibility, not your company's. 1st Commercial Credit will evaluate your accounts receivables and provide you with a solution and a decision within a few days.
Receivable factoring in the telecommunication industry is popular because it allows any telecom company to secure financing, regardless of its size or time in business. It is an ideal solution for new start-ups and any company that has seen a decline in its credit rating. It is a solution that improves cash flow, and it allows companies to avoid the high costs of waiting for customers to cover their invoices. Ultimately, it is a financing solution that is ideal for the long receivable collection times found within the telecom industry.
If your staffing company is growing faster than your operating capital, 1st Commercial Credit can help with unlimited payroll funding. Whether your company is a multi-million operation or a startup, the payroll loans for Joliet businesses that factoring companies provide might be the best financial solution for your company. Meeting staffing payroll during growth can be a challenge. 1st Commercial Credit provides invoice factoring to staffing agencies every day, and we make borrowing money for your staffing agency a simple and straightforward process.
Staffing payroll factoring converts your outstanding invoices into immediate cash today. Also called invoice factoring, this type of alternative funding provides quick cash when your Joliet business needs it the most. Invoice factoring is widely becoming the preferred form of financing for the staffing industry because it is easy, fast, and affordable. Another big reason is approval is easier to obtain, and staffing agencies are not denied because of bad credit or lack of operational history.
Payroll funding can be challenging for companies, but especially for growing staffing firms. Whether your agency needs an injection of cash flow to hire new employees, extend payment terms to clients or increase marketing efforts, factoring companies for staffing can provide a steady and reliable source of working capital.
1st Commercial Credit evaluates a company to understand your company’s specific objectives and match your business with a factoring program that will fulfill all your payroll funding needs. The initial application and funding process takes 3 to 5 business days. After approval, your temporary staffing firm can access funds within 24 hours and begin funding payroll.
1st Commercial Credit has over 18 years of experience working with various industries. We offer financing for manufacturing businesses, healthcare, trucking, international trade, and many more.
Like many cities in the United States, Joliet dependents significantly on the manufacturing industry. Joliet, Illinois, is also known as the "Crossroads of Mid-America" and has various companies that have selected this city to establish their business. Having access to a multi-modal infrastructure and a diverse local economy are the main reasons for this decision. Joliet also provides a significant industrial sector that drives job creation and economic growth.
Joliet has a significant retail presence supported by the city's growing trade area, office market, and rise in headquarters and private investments. Joliet also has access to a large workforce from the two higher education institutions in the city. Joliet is a great place for businesses of all kinds to succeed.
Joliet obtained the nickname "Crossroads of Mid-America" because it is located at the intersection of two major interstate highways, I-55 and I-80. This geographical location has contributed to the businesses' success because of the easy reach to surrounding markets. The city also has four class I railroads that operate freight service within Joliet.
Any industry can find success in Joliet. The city provides competitive incentive packages, strategic location, and a growing housing market. The industrial and manufacturing sector continues to grow in Joliet. Currently, IKEA, Amazon, Mars, Whirlpool, Target, among others, choose Joliet as a home. Joliet is also a shipping and transportation center.
Joliet is one of the biggest cities in Illinois, with a population of more than 150,000. Some of the famous attractions to visit in Joliet include the Rialto Theater, Hollywood Casino, Harrah’s Casino, Joliet Area Historical Museum, Ironworks Park, Bicentennial Park, and the Old Joliet Prison, to mention a few.