1st Commercial Credit is recognized as one of the largest receivable-based finance companies for small to medium-sized businesses in the country. We advance funds to your company and use your unpaid invoices as collateral. When we finance your receivables, we allow you to gradually increase cash flow and the growth of your sales and invoices.
The approval process for financing accounts receivable is based on the creditworthiness of your clients and not on your company's. This is the main reason why so many businesses are using receivables-based financing to solve many of their cash flow shortage problems.
We fund businesses in Ann Arbor City, regardless of the size or time in operation. As long as a company has qualified outstanding invoices, we can provide the funds.1st Commercial Credit works with any company, regardless of its financial status. There is no longer the need to rely on a bank. We provide businesses in Ann Arbor City with the funding they need based on the invoiced sales.
Would Your Company Benefit From Accounts Receivable Financing?
1st Commercial Credit understands the financial challenges businesses face and is ready to advance the cash as soon as possible. We can evaluate your accounts receivable with no obligation and show you how accounts receivable financing can significantly improve your company's financial situation. Our financial program is constructed as an ongoing receivable asset purchase, not a loan, so there is nothing to pay back.
What Is The Financing Process Like?
1st Commercial Credit has made the application process for financing receivables very simple and fast. The complete application process can be accessed and completed online. When an application package is submitted, processing and funding can come within 3 to 5 business days.
The requirements include an accounts receivable aging report, customer credit limit request, articles of incorporation, copies of outstanding invoices, and rate confirmation agreements/ purchase orders.
Accounts Receivable Financing With 1st Commercial Credit:
1st Commercial Credit provides financing options across Michigan, including accounts receivable financing, payroll loans for business, and other financial solutions for all industries in Ann Arbor City.
With many years of experience, 1st Commercial Credit is the preferred invoice factoring company for growing companies in Ann Arbor City. We provide invoice factoring services for all types of businesses that serve many industries.
Data security migration
1st Commercial Credit funds data migration companies in Ann Arbor City. A factoring company should understand the different billing methods used by the IT service industry.
Our typical requirements for this industry include the pending invoices, the Master Service Contract, and sign-off documentation for completed work. It is also crucial that the company is free and clear of any liens on the receivables.
1st Commercial Credit has the experience and provides funding for the IT staffing industry in Ann Arbor City. There are other cash flow options out there. Still, our clients are convinced invoice factoring is the best financial alternative for future growth and is quickly approved.
We finance manufacturing businesses in Ann Arbor City every day. Manufacturers must have sufficient and reliable cash to cover operational costs. Not having the money for such expenses can significantly affect the company. Invoice factoring allows manufacturers to access the fast cash they need to cover equipment, repair costs, purchase materials, fund payroll, etc.
1st Commercial Credit considers two types of medical receivables for financing. The first one is healthcare receivables payable by insurance companies and government agencies (i.e., Medicare). The second is commercial accounts receivables owed by buyers like hospitals for services and items.1st Commercial Credit also provides invoice factoring, receivable financing, and other lending options for medical staffing agencies to fulfill crucial positions in the healthcare departments.
We have been financing the technology industry for a long time. We know the challenges that a software development firm confronts daily. 1st Commercial Credit understands the impact a good cash flow can have on a business and how it helps it remain competitive while retaining valuable clients. 1st Commercial Credit is committed to offering flexible invoice factoring services that will advance cash in exchange for your invoices. We provide your company with the sustainable business line of credit it needs.
Invoice factoring is a way of financing for business owners in Ann Arbor City to quickly access funds from pending invoices and cover operational expenses and growth opportunities. The invoice factoring process is when a company sells its accounts receivable to an invoice factoring company like 1st Commercial Credit in exchange for immediate cash.
With invoice factoring, you receive fast cash from a factoring company, which will later receive payment from your customers. This financing method allows you to turn your accounts receivable into cash instead of having to wait long periods for customers to pay.
Invoice factoring companies typically have two payment instalments:
Ann Arbor is known as the home of the University of Michigan. This university significantly contributes to the economy by employing about 30,000 workers, including more than 12,000 in the medical center. The city's economy also benefits from high technology as a few companies were drawn to the area by the university's research and development infrastructure.
Ann Arbor, Michigan, is located in the southeast part of the state and is known for its world-class institutes of higher learning, cultural amenities, busy downtown, and high-tech research opportunities. The city is regularly recognized for being one of the best places to live and work in the nation.
Ann Arbor has an approximate population of 121,000. However, the metropolitan area, and all of Washtenaw County, has a population estimated at 350,000.
Ann Arbor is a university town, a tech hub, and a culinary hotspot. The city’s vibrant and walkable downtown includes renowned arts and culture.
A 2015 survey concluded that over 90 percent of Ann Arbor residents think of their neighborhood as an excellent place to live, while 97 percent indicate they feel safe in their neighborhood. Also, according to many national surveys, Ann Arbor is ranked #1 as the best city to live in the U.S. This is because the city offers the best in various areas like the cost of living, crime, public schools, job opportunities, and local amenities.