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Financing Service Providers

Financing Service Providers

Over 3,200 clients funded
Money tied up in 30 to 60 day terms to your customers?
No up font fees to set up
No financial required
Funding in 3-5 days
Rates at
0.69% to 1.59%
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We Lend MORE Than The Bank

Financing Service Providers

Money tied up in 30 to 60 day terms to your customers?
Request a quote
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$210,000

Valve Importer PO Funding
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$100,000

Small Fleet Trucking Company

Invoice Factoring & Financing Receivables for Service Providers

Offering credit terms to commercial accounts can get your business in a cash flow shortage.

At 1st Commercial Credit, we can assist your service based business by allowing you to offer credit to commercial accounts and grow your business. The extension of credit is evaluated by the financial strength of the customer (Buyer), not our client (The seller). This method allows our prospective clients to acquire funds within days of completing an application with minimal paper work.

Service Providers Use Accounts Receivable Financing

1st Commercial Credit is an invoice factoring company that provides financial services and lending to service based industries. Invoice Factoring can help Service Providers benefit the most by financing their receivables.

Receivable Financing Rates at 0.69% to 1.59%
18+ Years In business & Over 3,200 Clients Funded
$10,000 & up to $10 million Facilities
Set up in 3 to 5 working days
No facility fees - No Audit Fees
No Monthly Minimums
No Financials Required
No up-front fees - No hidden fees
We Make Same Day Decisions
No Invoice Minimum Fees
Financing Rates at 0.69% - 1.59%

If you review most businesses that are providing a service to commercial accounts, they rarely can offer tangible assets to pledge against a loan.

Banks prefer to lend against land or property, inventory and auctionable assets that can easily be liquidated. It is for this reason, that many service industries are turned down for a loan or are approved with limited funds for working capital.

Asset Based Finance For Service Companies

Many companies benefit from asset based financing including service providers, manufacturers and distributors. It had become a major source of funding for companies seeking to grow capital or general working capital. Usually, asset based lending companies structure their loans with an advance on accounts receivable, which is a very liquid and desirable asset to lenders. However, this isn't to say that lenders aren't willing to make ambitious advances on other sorts of collateral such as accounts receivable, inventory, business equipment, and more.

Service Providers Are Experiencing Common Cash Flow Problems.

When your company sells on credit terms:

Traditional financing has been exhausted and declined.
Sales are beginning to progress but will not qualify for rigid bank loans.
Cash flow is hindered because accounts receivable is coming in slowly.
Falling behind on payroll taxes and payroll.
Self-Funded capital has depleted faster than planned.
Uneven spike in sales disrupts fixed expenses.
Receivable Financing Rates at 0.69% to 1.59%
18 Years In business & Over 3,200 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

Service Companies use their Accounts Receivable Asset for Business Growth

Service companies that need to offer credit terms to customers utilize our funding program.

Service based companies can easily tap into their receivables asset for immediate cash flow. You may offer credit terms to new and larger customers at an affordable cost, take advantage of early pay discounts offered by your suppliers, buy larger quantities with additional discounts, and countless other opportunities that your manufacturing business is missing out on.

1st Commercial Credit offers factoring services to small and medium-sized businesses 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. Get initial funding in 3 to 5 working days. No financials needed, No up-front fees to set up, it is that easy.

Typical Service Industries We Fund:
Medical Staffing Agencies
Medical Providers and Practitioners
Medical Nurse Staffing - Home Health Care
Temporary Employment Agencies
Cable - Telecommunications - Underground Cable Installers
Consulting Service Business
Banks prefer to lend against land or property, inventory and auctionable assets that can easily be liquidated.
Request A Callback Today!
Receivable Financing Rates
From 0.69% to 1.59%
◽️
Quick Approval Process!
◽️
Easy Set-Up in 3 to 5 Days.
◽️
No Financials up to $350k.
◽️
Over 18 years in business.
Schedule A Callback

Other Service Industries That We Fund:

  • Inspection and Appraisal Companies - Invoices Commercial Clients
  • Construction, Trench Digging and Gravel Hauling
  • Architect, Design and Engineering Service Companies
  • Environmental Consulting Firms
  • Real Estate Appraisal Company - Invoices Commercial Clients
  • Janitorial Service - Invoice Commercial Accounts only
  • IT Consulting Firms
  • IT Staffing Services
  • Security Guard Services
  • Commercial Delivery Service
  • Technology Training School - Invoices Commercial Accounts.
  • Finance for Armored Service Industry
  • Boxes-Corrugated and Fiber
  • Packaging Materials wholesale and manufacturing
  • Dairy processing, service providers, and suppliers
  • Electric Motor Industry - Repair- Rewind - Wholesale - Manufacturing
  • Engineers - Architectural, Construction, Consulting, Drainage, Electrical, Environmental, Foundation, Industrial, Inspecting
Invoice factoring receivables company

Many Service Companies Benefit From Our Payroll Funding Program

1st Commercial Credit offers a simple cash flow solution for service providers across the nation. If you provide professional services to slow paying businesses, your cash flow can be affected. You can resolve this financial issue with 1st Commercial Credit’s invoice factoring program for service providers.

Many companies benefit from working with accounts receivables financing because it has a more straightforward application process. Businesses in this industry sometimes may not have sufficient working capital if their needs are seasonal or they cannot pay providers promptly. Bank loans may be an option, but they typically have a long list of strict requirements for approval. However, the bank loan option is not feasible for businesses just starting up or others going through financial difficulty or lack adequate collateral.

On the bright side for service providers, invoice factoring is an alternative funding option. Factoring uses the invoices in exchange for advancing funds. Once your business is approved, you can qualify to receive a percentage of your invoice value immediately with a reserve payment of the remainder when the factor collects.

Payroll funding is a simple process:

  1. Submit your outstanding invoices for work completed.
  2. We will verify the invoices and advance fast cash within 24 hours.
  3. Your clients will pay us directly
  4. Lastly, we will send you the remainder of your invoice value after deducting a small factoring fee. 
Call Now 1 (800) 876 6071Request a quote

A payroll line of credit, also known as invoice factoring or payroll funding, is a form of financing specifically designed for the service industry. Many companies have to wait 30-90 days to collect payment on pending invoices. Still, many of these businesses need to make payroll far sooner.

Accounts receivable factoring company for service providers

By selling your receivables for cash upfront, your business will have access to the following:

  1. Steady cash flow 
  2. Sustainable growth
  3. Resolve common financial challenges
  4. Unlimited funding potential
  5. Manage and fulfill funding
  6. Avoid late payment fees

A third-party lender like 1st Commercial Credit can be one of your most valuable additions to your company. As long as you provide professional services to other companies, you can factor those invoices for immediate cash. 1st Commercial Credit offers to factor for service providers including attorneys, accounts/CPAs, architects, business consultants, marketing firms, and public relations agencies. We also have extensive experience providing payroll funding for staffing agencies and many other firms.

Recent Transactions:

1.5 Million | Invoice Factoring for an Audio Visual Design And Installation Company

$600,000 | Invoice Factoring for IT Staffing Agency w/ Bank Subordination

$750,000 Invoice Factoring | Cyber Security Finance

$350,000 Factoring Receivables |Data Migration Technology Company

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