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UK Invoice Factoring Company
1st Commercial Credit | UK
Over 3,400+ clients funded
No up front fees to set up
No financial required
Funding in 3-5 days
Receivable Factoring for London & UK Businesses
Rates at
0.69% to 1.59%
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We Lend MORE Than The Bank
1st Commercial Credit | UK
We Keep the Supply Chain Cash Flowing
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A Factoring Company Funding the United Kingdom

Financing Rates at 0.69% to 1.59%
No Financials or Setup Fees
Customized Rates
Setup in 3 to 5 Days

Is Your Company In London, UK Growing Faster Than Its Cash Flow?

1st Commercial Credit funds UK-based businesses by offering ledger factoring services. Additional cash flow solutions include purchase order financing and trade payable finance.

One of the most frustrating situations as a business owner is watching business opportunities pass by and being unable to take advantage of them because of a cash flow shortage. For many growing businesses, the lack of working capital is the main problem.  For business owners in London u looking to expand their business or just keep it afloat, things can become challenging when there isn’t sufficient cash to do so. The ability to take on new contracts can be hugely affected when London businesses are forced to halt their operations because of a lack of funds caused by slow-paying customers. This situation is incredibly frustrating when a business has assets and outstanding receivables (unpaid invoices) that cannot be cashed in until customers pay. If this situation is affecting your business growth and daily operations, invoice factoring, and other financial services offered by 1st Commercial Credit could be the financial solution you need.

With 1st Commercial Credit, the initial funding process takes 3-5 business days or less after receiving a signed agreement. After that, you can send the selected invoices to be verified and immediately funded. After the initial funding, your company can receive funds within 24 hours in the future after invoice verification.

Cash flow lenders in London have a quicker and more efficient approval process. The main requirements are that a company has creditworthy customers and invoices for orders that have already been completed.

1st Commercial Credit is an experienced company that factors invoices for businesses in London with cash flow needs. Accounts receivable factoring is the ideal solution for obtaining fast cash. For short-term needs, when money is tight, it is preferable to avoid traditional bank loans. Our factoring loans have helped many companies avoid financial problems, such as not being able to fund payroll. Accounts receivable factoring is an accessible and reliable alternative to conventional lending. Business owners in London must understand the benefits and the costs of factoring to make an informed decision that will be best for their business. 

How Much Does It Cost To Factor Receivables? 

The fees associated with invoice factoring are calculated and based on the following factors:

  • The volume of the receivables a company wants to factor
  • The size of each invoice 
  • The type of industry
  • The creditworthiness of your customers
  • The length of time your customers take to pay

Our Advance Rates

When a company uses our factoring services, it will typically receive a considerable percentage of the total invoice amount in advance. The remainder is given once your customers pay the invoice in full. Factoring advance rates usually vary depending on the type of industry—industries involving a higher risk for the factor that can expect rates between 60% and 80%. Cash advance percentages for businesses with less risk can range anywhere from 80% to over 90%.

If you don’t solve the persistent cash flow issues within your business, your business will end up missing out on many precious opportunities. Eventually, your business in London will run out of money for expenses and growth opportunities. As a business owner, you will need to consider what would be more costly at the end of the day.

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What is a Factoring Company?

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.

What Is Included With Factoring? 

The cost of factoring receivables  allows immediate access to cash, but factoring offers some valuable extra benefits, including:

Administrative Support: 1st Commercial Credit will run back-office support at no extra charge. We also offer background and credit checks for potential clients, collection calls on your behalf, and offer 24/7 online reporting.

Accounts receivable factoring company in London UK

The Path To A Better Credit: factoring invoices is nothing like a traditional loan, which means it will not add debt to your business balance sheet. On top of that, businesses with low, bad, or not yet established credit can still qualify and use factoring to pay for expenses and obtain a stronger credit score.

Financial Flexibility: invoice factoring will give you immediate access to the cash your business needs whenever it needs it. Also, your funding potential is only limited by your sales and can grow as your company grows.

Need A UK Based Factoring Company?

If you are looking to enhance your cash flow through a quick conversion of your receivables or if your customers (debtors) are slow in making their payments, factoring or invoice discounting is the ideal solution for you. Similarly, if your business is growing rapidly and needs more funds, these financing options can provide extra funds over your bank overdrafts.

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What Is Invoice Discounting And Factoring?

Factoring is a method used by businesses to convert sales on credit terms for immediate cash flow.

Factoring helps a business release the money tied up in their sales ledger to fund their business growth and meet daily financial obligations. When your business benefits from a factoring facility, you are not only selling your outstanding invoices to this provider but also permitting him to administer your sales ledger. Through this built-in flexible credit management facility, the factoring provider takes responsibility for sending periodic account statements to your debtors and chasing the outstanding dues. You can choose to opt for either option, recourse or non-recourse. In the former, you would assume the risk of your customer non-payment, while in the case of non-recourse factoring, the factoring provider would assume such risk, subject to certain criteria.

Invoice Discounting Is Available In Days, Not Weeks.

It has been estimated that in the UK, late payments by customers are costing the businesses several billions of pounds each year. Keeping customers in mind, at 1st Commercial Credit, we make factoring and invoice discounting easy to obtain with minimal paperwork. We normally advance 85% of the value of approved invoices, which is more than what the traditional overdraft facility would fetch for you. Our decisions are not based on financials, tax returns, or collateral. We make our decisions primarily on the invoicing process and credit strength of the account debtor (buyer). We specialize in evaluating and providing factoring or invoice discounting in less than a week. We adopt a simple approval process and can expedite initial funding in 3 to 5 working days. Our clients can avail the benefits of our prompt service and begin to use their funds within days of completing an application.

Call Now 1 (800) 876 6071Request a quote

The Hidden Collateral: Your Accounts Receivable

Businesses that sell on credit terms have a hidden asset that most owners do not realize can be used for collateral.

1st Commercial Credit specializes in collateralizing and financing accounts receivable. The receivables are pledged as collateral and the business may draw cash against the eligible accounts receivable at any time. Factoring and invoice discounting are not loans, so there is no need to make payments or create debt for your business. For an additional cost, you can protect yourself from the impact of customer (debtor) insolvency or non-payment of invoices.

Business Qualifications for Factoring and Invoice Discounting

We don’t insist on any detailed business plan. Ideally, factoring would be most suited for  companies that are in the growing business or start-up categories, while invoice discounting would be suitable for large companies having sound credit controls in place. Factoring would also work great  for companies even with a small turnover of say GBP 50,000 per annum, while invoice discounting would be ideal for businesses having large turnover of say GBP 250,000 per annum with a spread of debtors. Hence, we would be requiring some basic information such as your industry category, the number of customers (debtors) and their outstanding balances, and your projected turnover for the current year.

Accounts receivable factoring company in London UK

Which Industries Qualify for Factoring and Invoice Discounting?

Any business can qualify for factoring and invoice discounting if it sells goods or services on normal credit terms, with no stage payments

Every industry is evaluated differently because no industry invoices utilizing the same method. As a rule of thumb, your business must sell to a customer (debtor) having good caliber. Most of the industries such as wholesalers, manufacturers, temporary staff agencies, and providers of business services are suitable for factoring and invoice discounting.

Factoring and invoice discounting may not be suitable for retailers and businesses that depend on long-term service contracts or those following stage payments as payment norms. Ideally, if the invoices have been raised on credit terms in arrears of the goods or service delivery and agreed as payable by the debtors, they are eligible for factoring or invoice discounting facility.

Many times, most small and medium-sized businesses (SMBs) cannot offer shorter payment credit terms for many different reasons. One of the biggest reasons is that customers are typically used to having longer payment terms and if your business cannot offer them that, they will most likely find someone else who can (your competition). Clients like to be able to have longer terms also because they have expenses of their own, and paying early would mean they might not be able to make payroll on time or cover their costs. In addition, having longer payback periods in some industries is also a way of getting the best deals and discounts. When businesses realize this, they will look into offering longer credit terms to customers. Thankfully, factoring can help make that possible.

When businesses in London use invoice factoring, they quickly realize how flexible, fast, and easy it is and how much support it offers. This is why factoring has gained huge popularity among business owners in London. SMBs who constantly need a healthy cash flow to sustain operations and growth have embraced invoice factoring.

Receivable Financing Rates at 0.69% to 1.59%
20+ Years In business & Over 3,400+ 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

If your business has recently been established, it might not be feasible to wait around for payments to come through before expanding operations and taking advantage of new market opportunities. It’s also typical for smaller and newer companies to encounter unexpected expenses and events that can drain their cash reserve. Invoice factoring gives businesses a chance to save valuable time and take on unexpected opportunities that require cash in hand today. 1st Commercial Credit lends money to staffing agencies to solve the payroll issues, in addition to the costs of sourcing, recruitment, and hiring. Staffing businesses will often have to wait for their customers to pay before having sufficient cash to fund their payroll obligations, putting them in a challenging situation financially. We provide quick financial solutions to help businesses fulfill their financial responsibilities, fund growth, and pay their bills on time.

1st Commercial Credit has more than 18 years working with different types of businesses serving various industries. For example, we have extensive experience offering manufacturing invoice factoring and can evaluate your business situation right away and provide options.

1st Commercial Credit provides factoring for trucking companies. Other industries working with us include:

  • Manufacturing 
  • Construction
  • Distributors and Wholesalers 
  • Staffing firms
  • Healthcare agencies
  • International trade 

And many more!

Financing receivables for businesses in London, UK

What Does An Efficient Sales Ledger Through Invoice Discounting Offer?

The list of things that your company can accomplish with a consistent and reliable cash flow is impressive. For one thing, you would be able to meet your payroll obligations without having to take out an interest-bearing loan from a bank. Your payroll payments would be done with your existing cash and would cease to become long-term debt. Just the ability to meet payroll alone without utilising anybank funding goes a long way towards reducing your company’s debt and freeing up working capital for so many other projects.

When you improve the efficiency of your sales ledger through invoice discounting, you can pay your vendors on time and improve your company’s credit profile. A strong cash flow means that you will have the funds you need on hand to finance a new product launch or expand your staff without requiring a commercial lender. You can plan the growth of your company knowing that you will only need a commercial lender for truly large projects. Your company can fund the smaller activities on its own, which means that you will not be taking on a steady stream of debt as your company grows.

Economy Of London

The London economy is driven mainly by professional, scientific, technical services, finance, insurance, information, and communication sectors. Employment in these three sectors is concentrated in inner London. While concentrated centrally, there are also smaller areas of economic activity in these specialized services in neighboring regions and other parts of the city. London also draws in workers, tourists, and other visitors, and the central London areas support jobs in food, accommodation, arts, entertainment, and retail services. Outside this main economic activity, many jobs in the outer London areas are primarily found in sectors serving the local population.

Across outer London, for example, almost one in four employee jobs are in the education and healthcare sectors, and another large proportion of jobs here are in business administration, support services, and retail services. In certain parts of London’s outer reaches to the East and West, jobs are also more likely to be in what may be considered relatively land-intensive or industrial sectors, such as wholesale, transport and storage, manufacturing, and utilities. There are also many jobs in the transport and storage sector around Heathrow Airport and along the M4 corridor in Hillingdon and neighboring settlements in Hounslow. There are also a relatively high number of jobs in Information and communication and professional, scientific, and technical activities around the Heathrow area.

United Kingdom Office

1 Kings Street
London EC2V 8AU
Email: United Kingdom Office
Call: 44 (20) 453 22013
Directions: Google Maps →

1st Commercial Credit is a company factoring receivables for Texas and various cities including: