1st Commercial Credit Can Help You Obtain The Funds You Need.
If you need funds for payroll, then 1st Commercial Credit can help. We are not a bank and we do not offer loan programs. Everything that we do deals with the money that your company has generated in invoiced sales. We do not add debt to your company's already burdened financial books.
We do not want to see your credit score when we approve your account. Every decision we make is based on the credit score of your clients. That means that we can get you an improved cash flow even if you have just come out of bankruptcy, or even if your company has federal or state tax liens. We simply do not care about your credit score, which is how we are able to help anyone.
We can also offer our accounts receivable funding services to start-ups that have no credit history at all. As long as your customers have workable credit, then we have the solution that you need. We are not like other companies that lend money for payroll in that we are not looking to add to your debt and we do not care about your credit score. All of our services are based on your clients and that is how we are able to get you the funds you need.
1st Commercial Credit has offered payroll financing to staffing agencies so they can pay their employees on time even when their company isn’t getting revenue.
Additionally, we recently offered receivable financing for a respiratory staffing agency. It also enabled them to hire additional nurses and specialists in this sector in order to serve more clients.
Meet Payroll Obligations Even If Your Growth Outpaces Your Cash Flow
One of the good problems that every business owner would like to have is his company growth is outpacing his cash flow. In other words, the past due invoices are preventing the company from being able to keep up with the increase in vendor bills and payroll needs.
This is an issue that 1st Commercial Credit has helped many customers out with in the past. We have flexible receivables funding programs that will develop a business line of credit which fluctuates with your invoiced sales. When you see that spike in invoiced sales, we will be able to accommodate you with an increased cash flow based on your qualified invoices.