Invoice Factoring

If you offer credit to commercial accounts, then invoice factoring is a flexible way to replenish the cash flow gap that is caused by slow paying customers. At 1st Commercial Credit, we make factoring easy to obtain with minimal requirements and usually can have a same day decision. If your business sells to commercial accounts on credit terms, then your business may qualify for this type of financing. The approval process is simple to evaluate and we can expedite initial funding in 3 to 5 working days. Factoring accounts receivable has become the preferred financial tool in obtaining flexible working capital for small to medium size businesses.

What is Factoring of Invoices?

Receivable Factoring converts invoices sold on credit terms for immediate working capital. It has become a simple, fast and easy way to access business cash flow. 1st Commercial Credit is a factoring company that specializes in evaluating accounts receivable and can make a prompt approval decision. The credit is determined by the financial strength of the customer (Buyer or Account debtor), not the client (The seller of the invoices/receivables). This method involves very little underwriting and allows our prospective clients to acquire funds within days of completing an application.

Business owners realize that there is no need to borrow money from a bank in order to offer credit terms to customers. Factoring receivables is similar to a receivable loan offered by a bank. It is considered a purchase of the receivables at a discount and not a loan. This enables the business owner to obtain immediate cash flow collateralized by the outstanding receivables without going through cumbersome paper work and waiting weeks for a decision.

Invoice Financing is available in days, not weeks.

At 1st Commercial Credit, we make invoice finance a simple process with minimal paperwork. We make decisions primarily on the invoicing process and the credit strength of the account debtor (buyer). We specialize in evaluating and financing receivables and can make a prompt decision within a day. This financial option involves very little underwriting. The approval process is fast and we can employ funds within 3 to 5 working days after completing an application.

The Hidden Collateral: Invoices Generated on Credit Terms.

Companies that invoice on credit terms have a hidden asset that most business owners do not realize can be used for collateral. 1st Commercial Credit specializes in collateralizing on invoices sold on credit. Usually Net 30, 45 or 60 day terms. The receivables are pledged as collateral and the business may draw cash against the eligible invoices at any time. Invoice factoring, also known as accounts receivable finance is not a loan, so there is no need to make payments because your are using collateral that already exist or create debt to your business.