Factoring companies in Nebraska can help give you access to the funds your Omaha business needs to grow and continue operating. 1st Commercial Credit is an experienced accounts receivable financing company in Nebraska that helps businesses quickly secure the working capital they need through our invoice lending services. For many companies in specific industries, slow-paying customers can cause cash flow shortages resulting in late payments, inability to cover payroll, or making it difficult to purchase new equipment needed to run a business effectively. If you find your business is in a similar situation, accounts receivable factoring companies in Nebraska can help you improve cash flow without adding debt to your balance sheet. 1st Commercial Credit knows that each business has unique needs and goals. Our team will take the time to assess and understand your needs and find the right financing program to meet your needs.
1st Commercial Credit offers various supply chain solutions for companies looking for alternative financing. Our financing rates are highly competitive and fully customized to your specific needs. In addition, we don't ask for any financials or upfront fees and have made the application and funding processes so simple it takes 3 to 5 days to receive the funds. Factors use the value of outstanding accounts receivable to collateralize lending arrangements and provide immediate cash advances to business owners.
1st Commercial Credit makes approval decisions based on the creditworthiness and reliability of the customers owing money to a company. It is considerably easier to be approved for these types of loans and credit lines than any traditional form of financing.
What Makes 1st Commercial Credit The Best Lending Partner?
Some benefits of working with a factoring company instead of a traditional lender include:
1st Commercial Credit understands that agriculture is an expensive and complex industry. Many moving parts are involved and working together to grow and deliver fresh produce and farm food to the end destination. From farming, harvesting equipment, shipping, and much more, there are numerous factors that agribusinesses rely on.
For example, one specific produce can be grown in one part of the country and purchased at a local market in another area. This is why farming requires reliable and consistent working capital to make all this a smooth process.
Farming and agriculture have difficulty finding financing, as this sector often deals with slim margins and seasonal business. Yet, agribusinesses absolutely need funding to run operations smoothly. Another reason why factoring is also the best financing alternative for agribusinesses is that banks don’t typically approve loans for these businesses due to the risk factor. Even though it is complex to finance agribusinesses with governmental regulations and laws, including PACA, factoring companies are willing to provide financing solutions.
The great news is that accounts receivable financing helps these businesses receive the capital they need to operate and grow. If you are thinking about agricultural factoring for your business, take a look at a few benefits below.
Agriculture factoring is often a better financing alternative for businesses in the agriculture industry. Not only are farm equipment loans hard to receive, but they also take a long time to process. With factoring, you will receive the cash you need almost immediately. Factoring is the option that many farmers, distributors, and packers are choosing today. With factoring, it’s your customers’ credit history that determines financing, not your FICO score, which banks require.
Agriculture factoring and accounts receivable loans involve a simple process. First, you send your unpaid invoices to 1st Commercial Credit for verification, and then once you’re approved, the factor will purchase your outstanding invoices. You can receive up to 97% of the invoice value within 24 hours. Factoring companies understand the agribusiness world and can help you find the financing you need.
1st Commercial Credit helps U.S.-based businesses maintain growth in sales by providing flexible export finance and trade payable financing. As the global economy continues becoming more competitive, U.S. companies must offer better financing terms to their international customers. Our non-recourse international receivable finance program enhances the sales efforts of exporters and manufacturers, allowing them to remain competitive in the global marketplace successfully.
International trade finance consists of financial tools that make it easier for businesses to engage in international trade and commerce and help with cash flow management for global trade. Trade financing helps eliminate the risks of international trade by providing suppliers and buyers protection against several situations, including currency fluctuations, non-payment, and political instability. This financial solution can be recourse or non-recourse. Both trade financing options are used, but the best one for you will depend on several factors.
Telecom factoring is a reliable and accessible debt-free form of financing providing fast cash to fulfill business expenses, meet payroll, cover bills, and invest in new opportunities. If your business has to deal with slow-paying customers constantly and extended credit terms, factoring is the answer. A factor specializes in buying a business's accounts receivable and advances the cash in exchange for those invoices. We work hard to ensure your telecom business receives the lowest rates and most flexible terms. We can also offer purchase order finance for qualifying businesses.
Telecom factoring offers a financial solution to many businesses in this sector, including:
Telecom and cable contractors benefit directly from the cash flow given by factoring but also from other value-added services that come with this service.
Credit and background checks for current and potential customers and online reporting are just some of the extra benefits that give clients the peace of mind to focus on other aspects of their business.
Typical cash flow issues our cable and telecom customers have:
Unfortunately, cash flow issues can prevent a manufacturing company from making crucial and necessary upgrades such as purchasing equipment, hiring experienced professionals, or completing projects on time. 1st Commercial Credit manufacturing financing services can help resolve all of these issues. Our factoring programs can be used for short-term funding to resolve unexpected cash flow problems or for a longer-term, allowing flexibility to choose the best arrangement for your company.
Omaha guarantees a well-rounded itinerary to all its visitors. Omaha is home to an extensive collection of museums celebrating creativity, diversity, and history. These museums include the Joslyn Art Museum, the Great Plains Black History, and the Durham Museum. There are plenty of historical attractions like the Lewis and Clark National Historic Trail Headquarters and Visitor Center. For the nightlife, the Old Market will offer an unforgettable night out. All the cobblestone streets lined with galleries, shops, breweries, and restaurants make Omaha an exceptional location to visit.
The economy of Omaha has served as a central commercial hub in the Midwestern region. Also known as the "Motor Mouth City," Omaha is widely regarded as the telecommunications capital in the United States. The city's key industries include agriculture, food processing, insurance, healthcare, transportation, and education.