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, is one of the leading commerce hubs within the United States and 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 the top 5 major industries the city of Austin is experiencing.
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 located in the area, including such names as 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 such shows as Austin City Limits. Several renewable energy and clean tech companies are also located in Austin. A number of these manufacture solar panels while others produce related items like inverters. Additionally, a number 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.
A factoring company (or accounts receivable factoring) converts invoices sold on credit terms for 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 your Austin business is experiencing rapid growth and needs financing, an Austin factoring company can help. Accounts receivables factoring can provide your company with fast cash when it's needed the most. 1st Commercial Credit offers 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:
The city of Austin is the capital of Texas and is located right in the heart of the state. Austin 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.