Tuesday, January 20, 2009

Factoring for Distributors

Factoring for DistributorsDistributors Fianancing and Factoring Programs.

Having trouble fulfilling purchase orders due to cash flow shortages?

1st Commercial Credit offers receivable finance for distributors experiencing working capital shortages. Our Receivable Factoring and Letters of Credit service provides the utmost flexibility for enhancing your company’s capacity to grow without having to worry about pledging additional collateral. We leverage your credit line solely on your customer’s financial strength, not your company's.

Receivable financing rates as low as 1.59%

Receivable Financing Program for Distributors

- 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

- Receivable credit lines starting at $5,000 & up to $10 million

- Customer referrals upon your request

WE MAKE SAME DAY DECISIONS!


We Make Receivable Finance a Simple Process!

  1. A two page application
  2. An accounts receivable aging report
  3. A customer list with credit limit request
  4. Copy of articles of Incorporation or DBA filing
  5. Rate confirmation agreement
  6. Invoices to factor

That's It, its that simple:


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Most of our clients are either:

  • experiencing cash flow shortages due to a slow turnover in accounts receivable
  • fast growing companies whose past earnings and sales histories will not justify traditional bank loan financing
  • start-up businesses with no financing base
  • companies with seasonal or uneven sales patterns
  • principals with good or bad credit and cannot obtain traditional financing
  • have lost their line of credit due to covenant violations

All your Business Needs is Receivables

Distributions facilities that need to offer credit terms to customers utilize our funding program. Resellers and distributors 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 distribution business is missing out on.

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