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1 (800) 876 6071
Springfield Invoice Factoring Company
1st Commercial Credit | Springfield
Over 3,600+ clients funded
No up front fees to set up
No financial required
Funding in 3-5 days
Finance Your Invoices in Days Not Months.
Rates at
0.69% to 1.59%
Accredited business BBB logo
We Lend MORE Than The Bank
1st Commercial Credit | Springfield
Finance Your Invoices in Days Not Months.
Request a quote
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A Factoring Company Funding Springfield, Illinois

Financing Rates at 0.69% to 1.59%
No Financials or Setup Fees
Customized Rates
Setup in 3 to 5 Days

The Benefits of Factoring Invoices For Your Springfield, Illinois (IL) Business

Accounts receivable factoring provides many benefits that can help you efficiently run operations and make your money go further. Invoice factoring is a financial solution and an alternative to bank loans. Factoring is what your growing and expanding business needs.

1st Commercial Credit works closely with its clients, and is committed to helping your business grow. 1st Commercial Credit has more than 18 years of expertise assisting every industry in Springfield. 

Springfield business owners will find the many advantages of receivables factoring to be:

Unlimited funding and fast cash

1st Commercial Credit will adapt and accommodate your business needs. We do not have a fixed credit line because we know sales cycles can vary throughout the year, causing cash flow to fluctuate. With accounts receivable factoring companies, as your sales increase, so does your access to immediate working capital.

Low Credit Score Approved 

A factoring company in Springfield understands things do not always go according to plans. Financial hardship can come at any time for a company. Accounts receivable factoring works with those companies with poor or unestablished credit. Whether you are a business just starting up or have encountered previous financial issues, you can still be approved for our accounts receivable factoring program—no need to pledge collateral and pay an insanely high-interest rate. 

No monthly fixed amounts 

We do not have an established monthly minimum or maximum amounts. What this means is that you will not have to set a given dollar amount for each month. 1st Commercial Credit will provide the amount of cash you need at the moment you need it. Once an account receivable factoring agreement is created with us, we will factor in your Springfield business's need to maintain sufficient cash flow and continue running business operations. 

Collections and billing support 

When choosing 1st Commercial Credit as your financial partner, you will experience some other extra benefits that banks cannot offer. Time is valuable and especially when trying to grow and expand a business in Springfield. We want to make sure your time is spent strategizing on making your business successful instead of chasing customers for payments or other back-office duties. From the moment you begin factoring receivables with 1st Commercial Credit, we will take care of collections and running credit checks on your current and prospective clients. Your business will also experience the most effortless process when uploading invoices for funding in our platform and free access to your online account at any time.

account receivable financing in Springfield Illinois (IL)

Our Factoring Company Can Help You With Contracts From Federal, State or Local Governments

When your company takes on frequent contracts from federal, state, or local governments, it usually can take anywhere from 30 to 90 days to get the final payment. Government contracts are often for a large amount of work which means your business must manage without a large amount of cash for an extended period. 

Many factoring companies do not want to finance government contractors in Springfield because the amounts are large and concentrated in a few government contracts and extended payment terms. At 1st Commercial Credit, we don't turn down government contractors. We understand the situation and have experience financing businesses that provide services to the government. We understand the financial needs in this case and have developed financial solutions for your Springfield company. 

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Our factoring company offers government contractors in Springfield immediate cash in exchange for selling us the pending invoices. We can advance you as much as several million dollars to cover your payroll needs and help you attain new contracts while waiting for payment on old ones. Invoice factoring will also facilitate the ability to expand or grow your business in this competitive industry.


When dealing with government contracts, the process can be a bit more complex than other industries. However, we are in full compliance with the Assignment of Claims and the Federal Acquisition Regulation laws that dictate the regulations and specifications when financing government contractors.

1st Commercial Credit is the preferred invoice factoring company in the country for growing companies in Springfield. We have more than 18 years offering financial solutions to businesses in a variety of industries. We provide invoice factoring services in Illinois for all types of businesses that serve many industries. We fund unpaid invoices for small, medium, and large companies just like yours every day. Our customers enjoy incredible growth after they set up an accounts receivable factoring agreement with us.


Our factoring services allow our customers to offer better credit terms to customers without running into cash flow issues. We provide fast funding, flexible approvals, affordable rates, and other financial solutions that help companies with their financial needs.

Receivable Financing Rates at 0.69% to 1.59%
20+ Years In business & Over 3,600+ Clients Funded
Fast Approval Process.
No Financials Required.
3 to 5 Day Initial Setup.
No Up Front Fees to Set up.
Low Credit Score Accepted.
Free Invoicing Software
Funding Distribution businesses in Springfield Illinois (IL)

Why is Trade Payable Finance Becoming a Popular Choice for Buyers?

The trade payable financing method works by having a financing company, like 1st Commercial Credit, pay the suppliers directly or reimbursing you for payments that your Springfield company has already made. Vendor payment programs are practical and beneficial, and the concept is growing as more buyers are learning about the early payment discount profit. The basic understanding of buyers now having more access to money has made them eager to chase down early payment discounts.

Trade payable financing is a financial tool that can be used as an ace up your sleeve and benefit your Springfield business. Manufacturers, distributors, and companies involved in international trade can use this financial solution to pay for inventory or other purchases. Your company will conserve cash and have a smooth-run process.

In short, trade payable financing can ease cash flow issues by financing a purchase over an extended period or at a more generous advance rate. 

How the trade payable program works:

  • 1st Commercial Credit pre-pays your supplier directly on your company’s behalf. If your company has already made the payments for these purchases, then 1st Commercial Credit will reimburse you the amount spent. In both scenarios, your cash reserve will remain intact. 
  • You can use transactions for domestic or foreign purchases.
  • Use our trade payable financing for manufacturing or immediately reselling to buyers in the U.S. or abroad. 
  • Your company can begin financing as soon as you take title to the goods.
  • Your supplier avoids the risk of nonpayment while you enjoy financing benefits and the ability to take advantage of suppliers’ early payment discount offers.
  • Prepare for sales to increase and experience business growth.

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Can Your Springfield Business Benefit From Our Unique Funding Programs?

Invoice factoring companies like 1st Commercial Credit are helping businesses fulfill their financial needs. We offer accounts receivable financing, payroll finance, and many other financial solutions for businesses in Springfield. 


For some Springfield businesses, particularly small companies and startups with limited capital, working with an invoice factoring company is the best solution. The main benefit of invoice factoring is that it provides immediate cash in exchange for unpaid invoices. Another reason why many companies use factoring is that it helps them maximize their company's cash flow. Offering extended payment terms is often necessary to ensure your business client retention and optimal customer service.


Reasons businesses factor invoices:

  • Payroll funding available
  • Ability to hire more staff
  • Having a healthy cash flow
  • Cover business operational costs 
  • Experience growth and expansion
  • Increase client base
  • Pay bills on time
  • Take on more and even larger projects

1st Commercial Credit has worked with many different industries and can evaluate your company's receivables to help you find the best financing alternative that fulfills your company's goals and needs. 

Financing staffing agencies is a very simple and fast process for us. We provide accounts receivable factoring for staffing agencies and employment firms and make the process of borrowing money for your staffing agency straightforward. Often, this type of industry has to offer longer payment terms on most staffing contracts to remain competitive, which can cause cash to be scarce. The fast cash from payroll loans for businesses allows agencies to meet their weekly payroll requirements while meeting their financial needs. 1st Commercial Credit is also a payroll factoring company specializing in payroll funding and accounts receivable lending for staffing agencies. 

Funding Distribution businesses in Springfield Illinois (IL)

Another industry that 1st Commercial Credit finances is the manufacturing industry in Springfield. Many manufacturing companies borrow money from factoring companies like 1st Commercial Credit to avoid cash flow shortage. If you are searching for a factoring company for your manufacturing company in Springfield, 1st commercial credit is the right choice. We provide all the financial tools your company needs.

Springfield's manufacturing companies are experiencing cash flow issues that make it challenging to pay suppliers on time before shipments, cover duty fees and logistics costs required upfront, and offer longer credit terms. Rather than dealing with constant cash flow instability as well as stunted growth, begin working with an invoice factoring company in Illinois to obtain access to the operational capital your business needs.

Economy of Springfield

Springfield has a strong education economy driven by numerous colleges and universities, including the University of Illinois at Springfield, Robert Morris University, Benedictine University, Lincoln Community College, and ITT Tech and Capital Area Career Center. 

Springfield's medical and health care industries are some of the leading industries for central Illinois. Two of the primary hospital providers (HSHS St. John's Hospital and Memorial Medical Center, are undergoing a significant expansion. The community is also home to Simmons Cancer Institute, Springfield Clinic, St. John's School of Nursing, Prairie Heart Institute, Prairie Education and Research Cooperative, and Southern Illinois School of Medicine.

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Springfield is a regional provider of healthcare services. In 2015, the opening of Memorial Medical Center, a center for Learning and Innovation, took place. The center is one of only six similar centers in the nation and provides learners with the opportunity to train using simulation and skills training.  The settings in this center include preparing students for various clinical and medical situations, including physician exam room, general medical patient care room, trauma room, operating room, nursing station, emergency treatment, labor/delivery room, among many others.

What Is Springfield Known For?

The capital of Illinois is best known for being the home of the 16th president of the United States, Abraham Lincoln. It has a population of about 117,000 and is also home to a wildlife sanctuary, memorial gardens, and botanical gardens. An interesting fact about Springfield, Illinois, is that it’s the home of the world’s largest carillon. The city of Springfield offers a rich history while continuing to present a progressive and robust business environment. 

Springfield’s location and proximity to St. Louis in the south, Chicago in the north, and Indianapolis in the east make it the ideal place for business to reach various markets. The city’s music scene includes jazz, blues, community theater, municipal opera, and live bands. In addition, Springfield is known for the Cozy Dog and Horseshoe sandwiches. Other known events happening in Springfield include Route 66 Mother Road Festival, the International Carillon Festival, and events such as the Illinois State Fair and the downtown’s Old Capitol Farmer’s Market.

We are a factoring company financing businesses in Illinois and can provide financial solutions to the following cities: