Factoring & Asset Based Lending for Service Providers
- Financing Rates at 0.69% - 1.59%
- No Financials - No monthly minimums - No invoice minimums
- No facility fees - No audits - No up-front fees - No hidden fees
- Set up account in 3 to 5 working days - 24 hr funding thereafter
- Credit Lines starting at $5,000 & up to 10 million
- Customer referrals upon your request
- We Make Same Day Decisions
Call Now 1 800 876 6071
Is your money tied up in 30 to 60 day terms to your customers?
Offering credit terms to commercial accounts can get your business in a cash flow shortage. At 1st Commercial Credit, we can assist your service based business by allowing you to offer credit to commercial accounts and grow your business. The extension of credit is evaluated by the financial strength of the customer (Buyer), not our client (The seller). This method allows our prospective clients to acquire funds within days of completing an application with minimal paper work.
1st Commercial Credit is a factoring company that provides factoring and asset based lending for service providers.
Service providers benefit the most by factoring receivables. If you review most businesses that are providing a service to commercial accounts, they rarely can offer tangible assets to pledge against a loan. Banks prefer to lend against land or property, inventory and auctionable assets that can easily be liquidated. It is for this reason, that many service industries are turned down for a loan or are approved with limited funds for working capital.
Another option is our Asset Based Financing that offers the highest advance rate against your accounts receivable in comparison to a bank. In some industries we can advance up to 95% of the accounts receivable value.
Call Now 1 800 876 6071
Asset Based Lending and Factoring for Service Companies
Many large companies use this type of financing to increase their cash flow for daily expenses. There is no need to borrow money if you have uncollected receivables from good credit worthy accounts.
1st Commercial Credit offers factoring services to small and medium size businesses with as little as $10,000 a month in sales volume and up to $10 million in receivable assets. If your business would benefit by converting your accounts receivable to working capital, we can help. Get initial funding in 3 to 5 working days. No financials needed, No up-front fees to set up, it is that easy.
There are plenty of reasons why 1st Commercial Credit stands out from all other financial institutions. Our offers put your interest above all else.
- We offer high credit limits from the beginning capable of increasing depending on your needs and qualifications
- Decisions are made within the day
- Account set-up can be accomplished in 3 to 5 working days and funding occurs within the following 24 hours
- You do not have to worry about financials, monthly minimums or even invoice minimums
- We do not require facility fees
- Factoring receivables with us do not involve up-front fees, audits or hidden charges
- We can provide customer referrals
Who Are the Service providers that take advantage of our financing programs:
- Cash flow is hindered because accounts receivable is coming in slowly
- Sales are beginning to progress but their sales history and recorded earnings will not qualify for rigid bank loans
- Absence of finance base for new businesses
- Uneven spike in sales
- Traditional financing has been exhausted and declined
- Fill out 2-page application
- Provide accounts receivable aging report
- Furnish a list of the customers including the credit limit request
- Submit Articles of Incorporation
- Include the rate confirmation agreement or purchase order
- Present the invoices to factor
Call Now 1 800 876 6071
Service companies that need to offer credit terms to customers utilize our funding program. Service based companies can easily tap into their receivables asset for immediate cash flow. You may offer credit terms to new and larger customers at an affordable cost, take advantage of early pay discounts offered by your suppliers, buy larger quantities with additional discounts, and countless other opportunities that your manufacturing business is missing out on.
1st Commercial Credit, a nationwide factoring company headquartered in Austin, Texas. Provides accounts receivable financing in the US, Canada, and the UK; offers export trade finance to clients in every major world market and can convert receivable finance transactions in 17 currencies.
- Medical Staffing Agencies
- Medical Providers and Practitioners
- Medical Nurse Staffing - Home Health Care
- Temporary Employment Agencies
- Cable - Telecommunications - Underground Cable Installers
- Inspection and Appraisal Companies - Invoices Commercial Clients.
- Construction, Trench Digging and Gravel Hauling
- Architect, Design and Engineering Service companies
- Environmental Consulting firms
- Janitorial Service - Invoice Commercial Accounts only
- Real Estate Appraisal Company - Invoices Commercial Clients.
- IT Consulting Firms
- IT Staffing Services
- Security Guard Services
- Commercial Delivery Service
- Technology Training School - Invoices Commercial Accounts.
- Finance for Armored Service Industry
- Boxes-Corrugated and Fiber
- Packaging Materials wholesale and manufacturing
- Dairy processing, service providers, and suppliers
- Electric Motor Industry - Repair- Rewind - Wholesale - Manufacturing
- Engineers - Architectural, Construction, Consulting, Drainage, Electrical, Environmental, Foundation, Industrial, Inspecting
We've got you covered
We offer lending services in the United States, Canada and the UK
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Call Now1 800 876 6071Click Here for a Quote Rates At 0.69% - 1.59%