Invoice Factoring with PACA Related Receivables for Produce and Agriculture Distributors
Our agriculture receivable factoring program is a unique financial tool and requires account representatives that specialize in meeting PACA’s strict requirements.
At 1st Commercial Credit, setting up an accounts receivable credit line in the produce industry is a streamlined process.
Unlike most banks and financial lenders, we know the special characteristics of the agricultural industry inside and out. 1st Commercial Credit is staffed with people that know the process, challenges and the opportunities that await your business.
Would your business benefit by converting your accounts receivable to working capital?
Keeping up with your payables to growers is a challenge when you sell your produce on credit terms
Produce clients that come to us usually have the same cash flow issues. The growers usually are cash on deliver or pickup, and the customers want credit terms of 14 to 21 days. The cause a tremendous cash flow gap when you are trying to grow your distribution company.