Many automotive-related companies are small to mid-sized businesses that supply accessories or auto components. These suppliers rely heavily on available cash to cover production costs. 1st Commercial Credit has experience financing the automotive industry and can provide working capital funding for payroll and production.
Cable and telecommunication factoring provides businesses with a financial solution that turns pending invoices into fast cash today. This form of financing involves a debt-free solution that gives you more than enough money to pay bills, cover payroll, and invest in new opportunities.
Slow-paying customers are typical in this industry. Factoring gives companies access to the funds needed to hire employees, fund payroll, and purchase equipment. This sector also experiences seasonal rises and falls, and construction factoring can be the ideal form of financing to deal with cyclical projects.
This particular industry commonly struggles with cash flow issues and revenue growth as these businesses tend to be in a constant state where the money comes out constantly. Some of the challenges distribution and wholesalers companies can solve with distributor financing includes seasonality, overhead, payment delays, and getting squeezed between suppliers and customers.
Operation costs and failing returns can sometimes affect even the most successful firms. When a cash deficiency occurs and threatens the business operations, we can help by financing engineering businesses and keep their cash flowing. We won’t add debt to your books and will provide fast cash.
When businesses deal with government contractors, there is a long time that passes between payment and invoicing. The issue arises when these businesses need the working capital today to fund operating costs and fund payroll. 1st Commercial Credit can help turn your accounts receivables into immediate cash with our factoring government receivables program.
Our import and export international trade finance program is ideal for those companies wanting to offer terms to international clients and, at the same time, do not wish to experience cash flow shortages. We will purchase your receivables for a cash advance ranging from 70 to 90% of the total value of the receivables.
Businesses producing new technologies or providing tech support to clients can benefit from invoice factoring, especially when dealing with slow payments and other financial struggles. Factoring IT businesses is a fast and safe alternative to bank loans. You will be able to use the cash provided to support all areas of your business operations.
Many buildings and businesses rely on janitorial service providers to keep their facilities functional and clean. The problem is many clients take several weeks to months to pay for the services. Factoring receivables for janitor businesses secure the working capital needed to retain clients, pay employees, and continue running the business.
The healthcare industry has extended payment cycles and often faces cash flow problems because of a slow payment process. Having to wait months for payments to arrive is the main challenge businesses in this sector face. Medical accounts receivable financing solves this issue by purchasing outstanding medical invoices and giving you cash today.
Most manufacturing companies will need access to some form of financing to grow at some point due to being a working-capital-intensive business. Manufacturing factoring can help cover some regular expenses such as equipment, leases, staffing costs, and materials. Our manufacturing business loans provide you with the flexibility to choose the best arrangement for your company.
Financing and factoring for the oilfield industry is a simple and straightforward process for us. This financial solution provides reliable and consistent cash flow for companies to help them cover expenses, meet payroll, and expand their business.
The produce and agriculture industry is one of the most crucial sectors in the country. To function flawlessly, farms need a consistent and reliable form of financing. Seasonal sales and slim margins can sometimes create some financial struggle. Our agriculture receivable factoring program will give you access to the funds needed to run a successful business.
When working with real estate factoring, a business will sell its accounts receivables in the form of real estate commission to 1st Commercial Credit at a discount. This financing alternative allows real estate firms to cover payroll, take on larger clients, and continue to grow.
If your security guard firm has to turn down contracts because of a lack of working capital caused by slow payments, Invoice factoring for security guard companies is the solution. This form of financing is very flexible; we have no minimum or maximum fees and no long-term contracts. The two main requirements to be eligible are that your business works with creditworthy customers and owning valid invoices.
1st Commercial Credit offers invoice factoring and financing receivables for service providers. Service providers typically have fewer assets, equipment, resources, and machinery to use as physical collateral. They also do not have stock or inventory. Service provider factoring allows companies to obtain cash for their outstanding invoices. We buy the valid invoices at a discount and pays you within 24 hours.
The most pressing expense for many software companies is payroll. The salaries of software engineers are usually high in many companies. Because of this reason, payroll expenses can often trigger cash flow issues for tech companies as these salaries need to be paid regularly and on time. Factoring for software development companies is the solution for this and many other cases.
Staffing agencies can face challenges when trying to meet weekly payroll because of extended payment terms and slow-paying customers. Payroll funding for staffing agencies gives companies immediate access to the working capital they need to meet payroll obligations and grow. We offer lending options for staffing agencies and can provide quick access to funding today.
Freight factoring offers a reliable and optimal financing option for companies in this competitive sector. For trucking companies with freight brokers as customers, invoice factoring will provide a cost-effective and dependable financing solution.