Accounts Receivable Financing is used by businesses to convert sales on credit terms for immediate cash flow. 1st Commercial Credit adopts a quick and simple approval process and expedites initial funding in 3-5 days.Learn more
1st Commercial Credit offers a variety of purchase order financing solutions to meet your trade financing needs. P.O. Funding is suitable for any wholesaler, reseller, importer or any company that buys and resells goods.Learn more
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.
If you're looking for a form of financing for short and long-term needs and want to avoid turning to a bank, 1st Commercial Credit has the solution for your business. Many companies in Austin find long-term debt financing to be ineffective and costly. The quickest way to access cash upfront is through a factoring company that offers funding alternatives like factoring for staffing agencies. 1st Commercial Credit can assess, approve, and provide financing, all within 3-5 working days.
Staffing firms in Austin need to maintain consistent cash flow to pay their employees on time each payroll period. Accounts receivable factoring for staffing is the best funding option in this case. Staffing firms in Austin recruit for a wide variety of positions serving many different industries. The long cash flow gap created between invoicing and receiving payment can quickly create a significant cash flow problem for these businesses. By converting unpaid invoices into immediate cash, staffing agencies can take care of pressing costs like payroll funding and recruiting.
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.
1st Commercial Credit offers factoring for manufacturing firms in Austin. These businesses are experiencing growing orders and challenges when trying to keep up with their current working capital. Factoring for the manufacturing industry in Austin involves selling unpaid invoices to a factoring company for immediate cash. Businesses can use this cash to cover their operational business expenses, including payroll, purchasing materials, repairs, and unexpected costs.
If your Austin company needs a manufacturing factoring company, 1st Commercial Credit provides a receivable financing solution for manufacturers. Our invoice factoring rates are highly competitive in the financing industry, between 0.69% to 1.59%.
To qualify for financing with us, a company will be asked to fill out a 2-page application form, have invoices for work or orders already delivered, and have creditworthy customers. Manufacturing companies in Austin are choosing 1st Commercial Credit because our process is fast and straightforward. We don't require any financials to apply, we have no hidden or upfront fees, and we can make same-day decisions.
Our invoice factoring programs and accounts receivable lines provide the highest flexibility needed to propel your company without having to pledge collateral. Manufacturers and importers in Austin need a good and healthy cash flow to run their businesses smoothly. Additionally, crucial suppliers need to get paid, and customers demand longer credit terms. All these factors make it challenging for companies and can affect their cash flow.
Once set up with our receivable-based credit line, we can offer businesses a wide range of other financial services. These services include trade payable financing, international invoice factoring, custom purchase order financing, and non-audited inventory finance. 1st Commercial Credit has over 18 years financing manufacturing companies.
Some other benefits of invoice factoring services include:
Austin is the capital of Texas located right in the heart of the state and is one of the fastest-growing cities in the country. Austin residents are a diverse mix of college students, government students, musicians, high-tech workers, manual labor workers.
The city of Austin is known as "The Live Music Capital of the World," mainly referencing Austin’s many musicians and live music venues. Austin’s most famous music festival is Austin City Limits. Austin is also the home of South by Southwest, an annual event with various conferences, interactive media, films, interactive media, and musical festivals. Austin’s rapid influx of technology and development companies has earned the city the nickname of “Silicon Hills.” Austin is a center for technology and business. Some of the companies headquartered in Austin are Amazon, Apple, Facebook, NXP, Google, IBM, Intel, Oracle, Texas Instruments, Dell, 3M, and Whole Foods Market.
With many small businesses growing in the Austin area, residents strive to protect and promote these small and unique local businesses. The slogan “Keep Austin Weird” was born out of this ideal. The University of Texas at Austin is one of the largest universities in the US. It is responsible for thousands of graduates each year from the engineering and computer science programs. These graduates go on to work and fuel Austin’s thriving industries.
This southern city keeps making headlines all over the world. Austin has been voted the No. 1 place to live in America for three years in a row. This ranking is based on job prospects, affordability, and quality of life. Other significant mentions include being named the fastest-growing large city in the nation and ranking No. 4 in the list of the best cities to start a business. Austin has also been chosen among the top 15 cities in the U.S. to visit. Another huge part of Austin’s appeal is that it is one of the most prominent cities for entrepreneurship and is a recognized hub for startups. Austin also has a great outdoor life with many parks, river access, hike and bike trails, good food, great music.
6500 River Place Blvd, Building 7, Suite 250
Austin, TX 78730
Email: Austin Office
Call: +1 (512) 215-4759
Directions: Google Maps →
1st Commercial Credit is a company factoring receivables for Texas and various cities including: