If your business is in a situation where cash flow is being affected and needs immediate funding, don't hesitate and contact us for an evaluation and quote today. 1st Commercial Credit provides financing to Pennsylvania businesses everyday. Our experts will take the time to answer any questions you may have and help you decide if receivable financing is a good fit for your business goals and needs.
Greater Philadelphia is currently the home of more than 5,600 manufacturing facilities, employing over 190,000 workers across many important sub-sector like chemicals, plastics, food, biopharmaceutical, and aerospace manufacturing. This growth and success experienced by this industry in Philadelphia are thanks to the following:
A Diverse Economy: The strategic location and global connections through robust infrastructure, along with an extensive supply chain and distribution networks and highly skilled workforce, make this city a top destination for many different manufacturing businesses.
Affordable and Reliable Energy: New and expanded infrastructure transporting natural gas and its liquid by-products contributes to Greater Philadelphia being one of the most attractive regions for manufacturing operations looking for inexpensive and reliable energy or petrochemical intermediates.
Global Connections: The Greater Philadelphia region has three major ports, a world-class international airport, two Class 1 railroads, and a plentiful supply of distribution and warehousing facilities.
Skilled Workforce: For manufacturing companies to succeed, they rely on highly skilled Workforce, and Greater Philadelphia can provide just that. This city has a talent base with a variety of technical, scientific, and engineering expertise.
Some of the leading manufacturers in Greater Philadelphia include:
Manufacturing companies in Philadelphia choose 1st Commercial Credit because of our various supply chain finance solutions, including purchase order financing for manufacturers, our quick and easy process, and because we have no upfront or hidden fees. We also make same-day decisions, offer custom rates, accept low credit scores, and don't require financials to apply.
Our clients in Philadelphia are experiencing the following:
Documents Required For Financing:
The Most Common Situations Our Clients Face Include:
Some extra benefits of this type of alternative financing include:
1st Commercial Credit is an experienced factoring company in Philadelphia working with cable and telecom companies. Our goal is to help you alleviate the cash flow shortages caused by slow-paying customers. Our telecommunications financing services can be used for nearly any type of project, including:
We are here to help your telecom business have constant access to funding for payroll, maintenance and repairs, and any other costs that come with running a telecom company. Many telecommunications companies use factoring as a debt-free funding solution for their business and as a way to improve cash flow without adding new debt to your balance sheet.
1st Commercial Credit makes the telecom invoice financing process short and simple. The initial application approval takes between 3-5 days, and once approved, telecommunications companies can factor in invoices and access cash within 24 hours. Even if your cable and telecom company has been declined for bank lending in the past, you can still qualify and be approved for receivables factoring with us.
The Funding Process With 1stCC In 5 Steps
2. Choose your invoices and upload them
3. Due diligence
4. Access up to 90% of your cash upfront
5. Access balance of cash
Oil and gas operations are complex and involve finding, extracting, refining, and selling oil and gas, refined products, and related products. It requires substantial capital investment in a challenging sector where environmental conditions can have uncertain outcomes. Most of the time, exploration, development, and production take place in joint activities to share the substantial capital costs. The product often needs to be transported considerable distances through pipelines and tankers and by special carriers to the final destination. Gas remains challenging to transport, which is why many producers and utilities look for long-term contracts to afford the infrastructure required for this type of product. Additionally, the industry is constantly exposed to macroeconomic factors such as commodity prices, currency fluctuations, interest rate risk, and political developments. The success of any company extracting hydrocarbons is challenging and includes many significant variables.
Low market prices are causing many oil and gas companies to struggle to come up with sufficient cash to cover their operating costs. For businesses in this situation, oilfield factoring can be the best financial solution. This alternative method of financing is the sale of outstanding accounts receivable at a discount to a factoring company. 1st Commercial Credit is an oilfield factoring company offering highly flexible solutions that allow businesses to obtain the cash within 24 to 48 hours. It focuses primarily on the creditworthiness of a business’s clients and does not consider the business’s assets or credit score. In addition, factoring does not have to involve a long-term agreement. We give companies the flexibility to sell the invoices they want and as often as they need.
Factoring is a quick and convenient option for the oil and gas industry to obtain working capital and remain competitive in this challenging industry. Factoring is available to companies in all sectors of the oil and gas industry, provided they have creditworthy clients and qualifying invoices. We also give the option to choose between our two factoring programs: recourse or non-recourse factoring. To obtain more information on how to apply and how your oil and gas business can benefit from our financing services, contact 1st Commercial Credit today to get a quote.
Philadelphia's economy has experienced an evolution from past patterns and has become a more diverse economy. The industry changes have continued supporting Philadelphia's economy and have impacted workforce development and the region's economic focus. In 1970 one in three Philadelphia workers was employed by the manufacturing sector. Today, only one in ten works in manufacturing. Philadelphia has become a knowledge-based economy, with a third of Philadelphians employed in Education, Health, and Social Services. The largest private sector industry is healthcare and education, which requires and recruits many workers with advanced skills, abilities, and knowledge. There has been a considerable decline in manufacturing production, extraction, and labor in transportation and machine operations, while occupations in professional and service-related industries notably increased. The key sectors in Philadelphia are bio-science, financial services, tourism, plastics, agribusiness, natural gas, and manufacturing.
Greater Philadelphia has a population of 2.1 million people and continues to grow as a central place for many different industries. The city is also known as "The City of Brotherly Love" and is a commercial, educational, and cultural center. It had a crucial place during early American history and is home to many national historical sites related to the U.S founding. These historical landmarks include the Independence National Historical Park, the Independence Hall, and the Liberty Bell. The city contains three major research universities: the University of Pennsylvania, Drexel University, and Temple University. The city is also home to many historical and cultural museums, such as the Pennsylvania Academy of the Fine Arts, the Philadelphia Museum of Art, and the Rodin Museum, holding the largest collection of work by Auguste Rodin outside of France. Philadelphia is also famous for its cheesesteaks, the mummer's parade, and its top-notch Orchestra.