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Sioux Falls Invoice Factoring Company
1st Commercial Credit | Sioux Falls
Over 3,600+ clients funded
No up front fees to set up
No financial required
Funding in 3-5 days
3 to 5 Day Initial Setup
Rates at
0.69% to 1.59%
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We Lend MORE Than The Bank
1st Commercial Credit | Sioux Falls
3 to 5 Day Initial Setup
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Asset Based Lending is Currently a Major Source of Funding for Manufacturing Companies

1st Commercial Credit offers asset-based lending financing for business owners looking to maximize their borrowing capacity by using their inventory and accounts receivable as collateral. Inventory finance and receivable financing have become valuable tools for many businesses with insufficient working capital. Many manufacturers think of traditional banks as their only alternative when facing cash flow shortages. Still, the reality is that bank loans create debt and rely on balance sheet ratios and cash flow projections to approve a loan. 1st Commercial Credit evaluates business assets to establish a borrowing base. Our alternative financing options usually allow for far greater borrowing power. Banks prefer to lend on tangible and stationary hard assets. In some cases, inventory and receivables are considered part of the borrowing base but at a low advance rate. 

Suppose you already have a bank line of credit. In that case, an intercreditor agreement can be made between the bank and 1st Commercial Credit in which the receivables are assigned to us, allowing you to borrow at higher advance rates. Our asset-based lending program enables business owners to utilize their business assets such as fixed equipment and inventory to leverage growth. In order for a manufacturing company in Sioux Falls to be approved for asset-based financing, the business must meet several conditions: 

Sales Revenue and Parameters- We offer several different funding programs for businesses with average monthly sales revenue from $2.5 million to $10 million a month. The structure of an asset-based financing arrangement will depend on the credit history of the owners, billing cycle, the number of accounts, financial status of the applicant, industry, master sales agreements, and proof of delivery documentation.

Accounts Receivable Assets- To qualify for our funding program, the applicant must have a good number of accounts receivable. The business must also maintain a recurring invoicing process with the same account debtors and bill under net 60-day terms.

Inventory Assets- We will consider inventory asset financing depending on the applicant's needs. The borrowing base must stay under 25% of the accounts receivable face value.

Fixed Equipment Asset Finance- We can provide the company with Asset Purchase of equipment and refinance the assets at an extended-term. We work with an affiliate lender specializing in the specific equipment for this type of financing.

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Receivable Financing Rates
From 0.69% to 1.59%
Quick Approval Process!
Easy Set-Up in 3 to 5 Days.
No Financials up to $350k.
Over 20+ years in business.
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‍Asset-based finance brings many benefits to businesses. Many businesses we work with are under-capitalized but have good performing receivables and are growing faster than their cash flow. Asset-based financing is ideal for manufacturers, distributors, and service companies with a leveraged balance sheet whose seasonal needs and industry cycles often negatively affect their cash flow. Acceptable collateral for most ABLs includes accounts receivable, inventory, business equipment, and factory machinery. Appropriate inventory may be both finished goods and marketable raw products. In some cases, some personal assets may be requested by lenders as additional collateral.

Many businesses in Sioux Falls are using and taking advantage of asset-based loans and accounts receivable loans to help with growth and reliable access to working capital. In the expansion, acquisition, or turnaround stages, firms can especially find added value in working with asset-based lenders. All companies with the assets mentioned above should consider an asset-based loan as an alternative form of financing. ABLs provide a flexible and accessible option, do not require many years in business, a perfect credit record, and do not add additional debt.

Capital-intensive industries tend to be a perfect fit for asset-based lending. If you're a manufacturer or distributor, you can learn more about working with a factoring manufacturing company like 1st Commercial Credit and the many other services we offer for manufacturers. We provide competitive lending to manufacturing businesses and quick and simple application processes.

Invoice factoring company in Sioux Falls South Dakota

Does Your Sioux Falls Temp Agency Need Money For Payroll Now?

Offering staffing services is a great way to connect employers and workers. Having the available funds is crucial when running a staffing agency as it can help diversify your recruitment and offerings, improve marketability, and increase profits.

All business owners know that maintaining a healthy and consistent cash flow is crucial, especially in the staffing industry where payroll needs to be carried out each week, typically before your clients pay you. Being responsible for funding payroll can bring some cash flow issues if you have extended payment terms and slow-paying customers. 


When cash flow is tight, payroll funding can be challenging to manage, putting many staffing firms at risk. While you have to pay your contractors weekly or biweekly, it can take up to 90 days before your clients pay you. Don’t let the cost of funding payroll keep you from growing what could be a very lucrative business. The good news is that factoring services can help staffing firms in this situation. A factoring company can purchase client invoices due within 30-90 days and give you immediate cash.

1st Commercial Credit provides various funding services giving small businesses the ability to resolve their cash flow problems. We help companies maintain a reliable and healthy cash flow by advancing a percentage of their outstanding invoices so owners can take care of their employees. We finance businesses of all sizes and in many sectors by securing payroll funding through factoring services. If financial struggles in your industry prevent you from paying your employees on time each period, 1st Commercial Credit can help.

Although many business owners only think of bank funding, you should be aware that temp staffing factoring is considerably easier to qualify for and has a faster process. The main factor these lenders look at is your clients’ credit. If you have qualifying invoices from creditworthy customers, approval is likely. Our lines of credit help businesses that may not be eligible to qualify for other types of lending for several reasons, including:


  • Lack of substantial collateral to pledge
  • Too many outstanding lines of credit or bank loans 
  • Minimal or no credit history
  • Past credit and financial difficulties


Once a business and the factoring company sign a financing agreement, they receive a cash advance immediately after sending their qualifying invoices for services already delivered. The advance amount varies based on the factoring company, but the cost of factoring receivables is often anywhere from 1-3%. 1st Commercial Credit offers competitive and accessible financing rates starting at 0.69% to 1.59%. Factoring fees are a small percentage of the invoice value. Fees are determined using criteria such as your client’s creditworthiness and the length of time it takes them to pay. 

Invoice factoring for agribusinesses in Sioux Falls South Dakota

Leverage Receivables For Your Agriculture Business And Get Funding Today

1st Commercial Credit is an expert on PACA and the agriculture industry needs. We understand the financial struggles that farmers, distributors, and manufacturers face each season. Our financing services can help you access the funds needed to keep your business growing and thriving through agriculture invoice factoring.

Agriculture and farming factoring is a debt-free financing solution that provides your business with continuous funding each month and throughout every season.

The process is fast and straightforward. We purchase your unpaid accounts receivables and give you up to 97% within 24 hours. You'll receive the remainder after your clients pay their invoices in full.


When it comes to the agriculture and produce sector, many companies have to cover payroll every week and cover expenses every day, yet their customers can take 30, 60, or 90 days to pay. That means businesses are left worrying and waiting for clients to pay so that they can handle general overhead and unexpected expenses. This situation is ongoing and very stressful. The excellent news is that you don't have to continue struggling with this situation every week with our accounts receivable funding. This alternative financing solution can give you immediate payment for your invoices to keep running your day-to-day operations without cash flow worries.

Invoice factoring is not debt financing, meaning we use your assets, in this case, your accounts receivable invoices, to give you the money you need to run operations. There is no debt involved as we simply pay you for the services or products you've already sold, and in exchange, we retain a small percentage for this service called the factoring fee.

The process is simple with 1st Commercial Credit: 

  1. Apply for free
  2. Get approved within 3-5 business days
  3. Get paid immediately


Farmers, growers, packers, and distributors use our services to fund payroll, buy inventory, buy or repair machinery, and handle other expenses. Very few lenders are willing to fund agriculture and production businesses because of the many challenges of financing this sector. 1st Commercial Credit values the services provided by the agriculture and farming industry and is determined to ensure you have the best financing available to run your business.

Many companies in Sioux Falls turn to our financing alternative options because of the many benefits we offer: 

  • Simple and fast application process
  • No credit check
  • Up to 97% cash advances
  • Debt-free financing
  • No interest rates
  • No hidden or upfront fees
  • Competitive and accessible factoring fees
  • 1stCC takes over collections, payments, and logistics.
  • We fund startups and small companies that do not qualify for a traditional loan.
  • 18+ years of experience providing quality service

In order to make everything work smoothly, farms require extensive financing, and we can provide just that. The agriculture sector often deals with slim margins, and as a seasonal business, many traditional financing options won't be willing to lend to these businesses. Our factoring services offer an alternative to getting the cash you need to harvest and ship crops while meeting all the legal stipulations established by the Perishable Agricultural Commodities Act(PACA).

Agriculture equipment financing in Sioux Falls

Agribusiness owners know how crucial expediency is for their success. The good news is that with agriculture factoring, the setup process is completed in a few hours, and businesses can have access to funds in a matter of days rather than weeks.


If you're looking to grow your agriculture company and improve your working capital, contact 1st Commercial Credit today! We'll assess your unique situation and provide various financing services specific to your goals and needs.

With Agricultural Equipment Financing, You Can Finance An Equipment Purchase Or Lease 

Farmers need the best machines out there, and they need a trusted, reliable way to acquire them. 1st Commercial Credit finances agribusinesses in Sioux Falls so they can get the equipment and tools they need at affordable rates and with flexible terms. We are an experienced lender providing equipment financing and leasing services to many industries in the U.S. We specialize in loan and lease financing to retail customers buying tractors, combine harvesters, and other farm equipment. By working with us, farmers can get the right equipment to help them grow their businesses and improve cash flow and credit lines management. 1st Commercial Credit makes farm equipment financing for agriculture a simple process.

We provide tailored loan and lease options that fit your equipment needs and possibilities. Financing agriculture equipment is often the only option for agribusiness owners and other agricultural producers to afford expensive equipment. Farm equipment loans and leases are vital financing tools for the agriculture sector to purchase irrigation equipment, tractors, or high-tech fertilizer spreaders. Farmers can enjoy many significant benefits by preserving cash flow and not investing all capital upfront.

Need Funding For Your Company In Sioux Falls, South Dakota?

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What Is Sioux Falls Known For?

Sioux Falls, South Dakota, continues drawing visitors from all around the globe wanting to see the famed waterfalls of the Big Sioux River. Falls Park near downtown Sioux Falls is the most popular tourist attraction where visitors come to witness the cascading waters flow over pinkish Sioux quartzite.  Sioux Falls is also home to the Big Sioux River Recreation Trail and Greenway, where visitors and tourists can take advantage of more than 20 miles of paved trails going through parks and urban and wildlife areas. Sioux Falls offer many outdoor activities, including fishing for jumping carp and numerous outdoor trails. Visiting the Great Plains Zoo and Delbridge Museum of Natural History are also great places to visit if you come to Sioux Falls.

Economy Of Sioux Falls

According to Forbes, Sioux Falls has been ranked #1 for “Best Small Places for Business and Careers.” This town offers a strong community and is a leading destination for business. Some of the advantages this place offers include low business costs, a reliable and growing workforce, and excellent infrastructure, just to mention a few. Some of the key industries in Sioux Falls include distribution & logistics, advanced manufacturing, health, bio & life sciences, cyber security and IT, and finance & banking.