Factoring Service Providers

Factoring 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.

Service Industries benefit by factoring rather than borrowing form a bank.

Offering credit terms to commercial accounts can get your business in a cash flow shortage. At 1st Commercial Credit, we can assist your 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.

Receivable Financing for Service Providers - Receivable financing rates as low as 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 - 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! A two page application An accounts receivable aging report A customer list with credit limit request Copy of articles of Incorporation or DBA filing Rate confirmation agreement Invoices to factor That's It, its that simple: View Recent Transactions 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