Why Choose Produce And Agriculture Factoring?
Produce and agriculture factoring have been used by many companies over the past years and have become a long and reliable financing method for agriculturists. Many companies can benefit from agriculture funding. Among them are, farmers, retail food processors, food manufacturing companies, food packaging companies, food distributors, shippers, and suppliers.
1st Commercial Credit factoring program will provide capital for your business within just a few days. Once your account is approved, we can finance the invoices and advance you the funds within only 24 hours. Doing so will allow you to receive quick cash and avoid your business to wait weeks or months to receive payment from your customers.
Factoring companies that offer financing solutions to farm businesses charge a fee for accelerating this payment process which, with 1st Commercial Credit range as low as 0.69% to 1.59%.
Unlike other Accounts Receivable Financing Companies that finance the produce and agriculture industry, 1st Commercial Credit makes receivable financing easy to obtain with minimal paperwork. Our decisions are not based on financials, tax returns or even equity to debt ratios. We make decisions primarily on the invoicing process and the credit strength of the account debtor (buyer).