As Your Business Grows
We Deliver The FUNDS
We Deliver The FUNDS
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 to 5 working days.
learn moreAlso known as invoice factoring, this financial solution provides your Columbus business with an opportunity to avoid banks and their loans and incurring debt. This financial solution will allow you to retain your company and control the finances. The way it works is simple; your company has unpaid invoices, which will be paid in either 30 to 90 days, and your business is experiencing a shortage of cash flow because of these sales on credit terms.
The factoring company will "buy" these unpaid invoices from you at a discount and facilitate the cash within a few days. Once your Columbus business establishes an account with the factoring company already, future funding can happen on the same day or within 24 hours.
Receivable financing is structured like an ongoing seller/purchase agreement, and it is not a loan. Understanding the invoice factoring process will help you make a more informed decision when comparing options for financial solutions for your Columbus company. The receivable credit line is always determined by the customer's financial strength (Buyer), not the client (The seller of the receivables).
Growing and successful businesses can also benefit from accounts receivable factoring. Often, an immediate injection of cash is needed to expand the business and take on more and bigger clients while still being able to offer better credit terms.
1st Commercial Credit is an accounts receivable finance company specializing in many industries in Columbus, and the financial tools we offer help businesses grow. Financing accounts receivable is now the preferred financial tool in obtaining flexible working capital for businesses of all sizes in Columbus.
Other benefits your Columbus business will experience when choosing a factoring company like 1st Commercial Credit include:
If your staffing company is growing faster than your operating capital, 1st Commercial Credit can help with payroll financing using receivables. Whether your company is a multi-million operation or a startup, meeting staffing payroll during growth can be challenging. 1st Commercial Credit provides accounts receivable financing for staffing agencies every day.
Staffing payroll factoring converts your outstanding invoices into immediate cash today. Invoice factoring is widely becoming the preferred form of financing for the staffing industry because it is easy, fast, affordable. Cash flow is needed to hire new employees, extend payment terms to clients, or increase marketing efforts. A factoring company can provide lending options for staffing companies in Columbus and provide a steady and reliable source of working capital.
1st Commercial Credit evaluates a company to understand the specific objectives and match them with a factoring program that will fulfill all your payroll funding needs. The initial application and funding process takes 3 to 5 business days. After approval, your temporary staffing firm can access funds within 24 hours and begin funding payroll. Another significant benefit is that approval is easier to obtain, and staffing agencies are not denied because of bad credit or lack of operational history.
Financing Staffing agencies is a straightforward process because we have 20+ years of experience offering accounts receivable factoring for staffing companies in Ohio. 1st Commercial Credit can answer your financial needs and supply initial funding fast.
We fund all kinds of staffing companies in Columbus.
Staffing agencies benefit from selling their receivables to a factoring company like 1st Commercial Credit. This financial method allows you to improve the company’s cash flow to cover daily operational expenses and have the ability to expand your business.
We finance staffing agencies from $10,000 a month to $10 million. Most of our clients are experiencing the following cash flow problems:
1st Commercial Credit provides the funds for your Columbus company by using your outstanding invoices as collateral. When we finance your receivables, your cash flow will gradually grow as your invoiced sales increase. The approval for financing accounts receivable is based on the creditworthiness of your clients and not your business.
This is an essential factor contributing to so many companies turning to receivables-based financing to solve many of their cash flow issues.
Suppose your Columbus business is searching for reliable accounts receivable factoring in Ohio. In that case, 1st Commercial can be what you're looking for. We are prepared to advance you the funds based on the value of your invoices as soon as possible. Our financial solutions will allow you to meet your regular obligations and start to think about how you can expand your business.
We evaluate your company's accounts receivable with no obligation. We will explain how accounts receivable financing works and which financial options might fulfill your company's needs the best. There is nothing to pay back with accounts receivable finance because it is not a loan. We offer loans on accounts receivables for every industry in Columbus.
We have the complete application process online. You can submit your application and get the funds within a few working days.
1st Commercial Credit requirements include:
In some cases, we can get you an answer on the same day. It only takes three to five business days to set up your account and start receiving money into your bank account. We make it that easy.
Manufacturing factoring is the process of selling a company's outstanding invoices to a factoring company for a cash advance. Unlike a loan, invoice factoring for manufacturing converts your existing receivables into cash that you can use to cover your operational business expenses.
If your Columbus company needs a manufacturing factoring company, 1st Commercial Credit is here to help. The minimum criterion to qualify for our invoice factoring includes filling out a short application form, having invoices for work or orders already satisfied, and having creditworthy customers.
Manufacturing companies in Columbus are choosing 1st Commercial Credit because we offer various supply chain finance solutions. Our process is quick and straightforward. No financials are required to apply, no upfront/hidden/or minimum fees. We make same-day decisions, offer custom rates, and accept low credit scores.
Manufacturing Factoring Process with 1st Commercial Credit:
1st Commercial Credit's invoice factoring and accounts receivable lines of credit provide the total flexibility needed to enhance your company's capacity to grow without having to pledge collateral. We leverage your credit line based only on your customer's financial strength, not your company's. Manufacturers and importers in Ohio need more cash flow to run their businesses successfully. Crucial suppliers need to get paid, and customers require longer credit terms, and 1st Commercial Credit can help make that happen.
Columbus is rich in logistics, headquarters, business services, technology, manufacturing, and more. The Columbus Region is on the country’s leading-edge with advanced industries such as e-commerce, automotive, bio-medical, healthcare services, and advanced computing. Another significant advantage the Columbus region offers to businesses is direct access to customers throughout the U.S.
Columbus is top-ranked for the business climate in the U.S., so if you are looking to start, relocate or expand a business here, it is a smart decision. The Columbus Region has business advantages, including competitively low startup and operating costs, a pro-business tax environment, and a vigorous real estate market. Columbus industries are recognized globally as the city is home to 302 foreign establishments with over 60,000 employees and 80+ languages spoken.
Ranked No. 1 opportunity city by Forbes, Columbus has headquartered companies in the Region that score exceptionally well on the Human Rights Campaign Corporate Equality Index.
As we mentioned above, Columbus has a pro-business tax environment, including no corporate income tax and no property tax. Columbus also has the highest possible bond ratings in a fiscally stable state. Columbus also offers available and affordable real estate and a favorable startup environment. Because of these many advantages, Columbus is home to top venture capital funds in the Midwest like Drive Capital and Rev1 Ventures.
Columbus, Ohio, is the state's capital and has an approximate population of 1,644,000 as of 2020.
Columbus is famous for many things, including having one of the largest universities and football schools in North America and being home to one of the country's top zoos. Columbus is also known for its great municipal park systems, comprising 16 parks, including Scioto Mile park with many miles of trails connecting the city to nature.
Franklin Park Conservatory and Botanical Gardens combine horticulture and art with a spectacular glasshouse, a great community garden campus, and sculptures. The Columbus Museum of Art is another attraction that offers sunny galleries with exhibits and an outdoor sculpture garden.
We are an invoice factoring company with over 18 years of experience providing funding for Ohio and the following cities:
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