Audio Visual Design & Install
Small Fleet Trucking Company
If you offer credit to commercial accounts, then invoice factoring is a flexible way to replenish the cash flow gap that is caused by credit terms sales or slow paying customers.
At 1st Commercial Credit, invoice factoring services is our core business. We fund unpaid invoices for small, medium and large companies like yours everyday. Our customers enjoy incredible growth after they set up an accounts receivable factoring agreement with us.
Our receivable based factoring programs allow our customers to offer credit terms to customers without running into cash flow shortages.
18 Years In business & Over 3,200 Clients Funded
1st Commercial Credit has a very simple procedure to get funded.
The Setup Up Process for Factoring Receivables In 3 to 5 working days
The Funding Process After Setup
Accounts Receivable Financing is our Business. 18+ years in business
We leverage your credit eligibility based on your buyer's credit quality, not your company. See the short video on invoice factoring.
An accounts receivable factoring service converts invoices sold on credit terms for immediate working capital. It has become a simple, fast and easy way to access business cash flow. 1st Commercial Credit is a factoring company that specializes in evaluating accounts receivable and can make a prompt approval decision.
The credit is determined by the financial strength of the customer (Buyer or Account debtor), not the client (The seller of the invoices/receivables). This method involves very little underwriting and allows our prospective clients to acquire funds within days of completing an application.
Factoring accounts receivable has become the preferred financial tool in obtaining fast, flexible working capital for small to medium size businesses.
At 1st Commercial Credit, we make accounts receivable factoring a simple process with minimal paperwork. We make decisions primarily on the invoicing process and the credit strength of the account debtor (buyer). This financial option involves very little underwriting. The approval process is fast and we can employ funds within 3 to 5 working days after completing an application.
Receivable Financing Rates
Financing Rates at 0.69% to 1.59%
It is an organic line of credit that grows with the increase in your invoiced sales. You are never over-extending your company's finances, and you are allowing your company to grow at a natural pace.
Business owners realize that there is no need to borrow money from a bank in order to offer credit terms to customers. Factoring receivables is different to a receivable loan offered by a bank. It is considered an ongoing purchase of the invoices at a discount and not a loan. This enables the business owner to obtain immediate cash flow collateralized by the outstanding receivables without going through cumbersome paper work and waiting weeks for a decision.
Select your state to learn more about how 1st Commercial Credit can help!