1st Commercial Credit helps small business owners in Austin,Texas by offering invoice factoring services, short-term transactional funding, purchase order finance, and many other forms of working capital solutions.
Austin is growing and 1st Commercial Credit is delivering the funds. Austin, Texas (TX) is one of the leading commerce hubs within the United States, it has gained a well-deserved reputation as a technological center and is home to many of the world’s most recognized high-tech companies.
As a result, Austin supports a wide range of industries with varying degrees of technology and products. 1st Commercial Credit provides working capital for the complete supply chain network involved with the growing demand of Austin’s top 5 major industries.
Austin, Texas, also known as “Silicon Hills,” is one of the nation’s leading providers of technological services. This is evidenced by the number of high-tech manufacturing companies located within the area, including Google, Hewlett-Packard and Apple. It is further evidenced by the number of aerospace and defense contractors in the area, including GE Aviation, BAE Systems and Textron Systems.
Austin also has thousands of employees engaged in creating digital media, which has resulted in the production of shows such as Austin City Limits. Several renewable energy and cleantech companies are also located in Austin. A number of these manufacture solar panels while others produce related items like inverters. Additionally, many of Austin companies manufacture electric vehicles of various sizes.
The health and biology industries are also being transformed by both existing and emerging companies in Austin. Furthermore, Austin is known for its data management capabilities. Companies that operate data centers within the area include Cisco, IBM and Intel.
If your Austin business is experiencing rapid growth and needs financing, a factoring company can help. Accounts receivables factoring can provide you with fast cash when it's needed the most. A financial alternative like those offered by a factoring company will make it easy to skip the long and complicated bank applications and give you peace of mind to continue running a business without cash flow impediments.
1st Commercial Credit is a Texas factoring company with more than 18 years of experience helping businesses with cash flow issues. We are a lending company that strives to provide the best customer service, and our application and approval processes are designed to make it a pleasant experience for business owners.
As a factoring company we offer a broad range of financial solutions, including invoice factoring, supply chain financing, short-term cash, advances against future orders, and purchase order financing. Once an account is created with 1st Commercial Credit for the receivable-based financing program, funding can be given 24 hours after approval. Our decision-making is within hours when a client requests additional working capital once a factoring line of credit is set up.
The requirements are simple and include:
Once an account is established with us, your business will experience the following benefits:
A factoring company (or accounts receivable factoring) converts invoices sold on credit terms to immediate working capital at a discount. It has become a simple, fast and easy way to access business cash flow. In comparison with a traditional bank loan, a company that factors receivables has a quicker approval process.
1st Commercial Credit is a factoring company that specializes in evaluating accounts receivable and can make a prompt approval decision. The documentation requirements are not as lengthy, and the main requirement is that an applicant has invoices for work or orders that have already been satisfied. It also helps to have creditworthy customers. As long as a business has been in operation, meets revenue requirements, and is free of liens or legal issues, approval is likelier.
As a temporary staffing business, having to wait a long time to be paid for your services can hugely affect your ability to meet payroll and pay taxes on time. In addition, the lack of cash flow prevents you from expanding your agency and hiring new employees. This situation can also affect the ability to take on big contracts crucial for business growth. 1st Commercial Credit provides the best funding for staffing agencies and has an efficient and fast application and funding process.
Factoring is a financial service providing solutions to companies in Austin struggling with slow-paying customers. Companies sometimes have to wait a few weeks to months to receive payment. Selling your invoices gives you immediate cash that can be used to run your business successfully. Companies in Austin often use the funds from factoring for payroll financing to pay suppliers, build inventory, cover tax expenses, grow client base, and expand.
1st Commercial Credit helps you grow your staffing agency in Austin with unlimited payroll funding and invoice financing. Whether you have a startup or a larger operation, you can qualify for our accounts receivable factoring for staffing. Your Austin business can take advantage of our financing programs and get initial funding in 3 to 5 working days. We can accommodate receivable-based credit lines to new temporary staffing companies with minimal funding needs. Another option is our asset-based lending solutions for large staffing agencies that can go up to $10 million if needed.