We Deliver The FUNDS
Bank Factoring
0.69% to 1.59%
Bank Factoring and Lending of Accounts Receivable
Bank factoring, also known as accounts receivable funding, is a way to collateralize loans and lines of credit by using outstanding invoices as security to ensure payment on the amount borrowed.
Most traditional lending institutions do not offer accounts receivable lending arrangements to their customers due to the in-depth knowledge and expertise necessary to manage these transactions effectively. This can limit the services banks can provide to their business customers and may weaken the relationship with companies that cannot be approved for traditionally secured loans.
A Practical Alternative for Banks - Factoring Companies
At 1st Commercial Credit, we specialize in providing factoring and accounts receivable funding services for businesses.
We can work with your lending department to offer added options for your corporate customers and to provide access to asset-based lending arrangements. These alternatives to traditional loans and lines of credit are designed specifically to help start-ups, companies with limited or poor credit histories and businesses that have expended the available capital from their bank loans. The invoice factoring experts at 1st Commercial Credit can often approve accounts receivable loans when other sources of operating capital are not available to the business borrower.
Advantages Banks Have by Using 1st Commercial Credit's Factoring Services
The 1st Commercial Credit team can work with your staff members to create the right financial solutions for your customers. Because we specialize only in accounts receivable financing arrangements, we do not compete for your customer base. Instead, we deliver accounts receivable loans and lines of credit that complement your bank's full line of financial services.
Most banks that finance receivables can take weeks or months to approve or deny a factoring loan. Unlike factoring banks, 1st Commercial Credit can usually provide a decision within one working day and can fund approved loans within a week. Our prompt response times can enhance your bank's reputation with your established corporate customers.
Creating Financial Synergy
Superior customer service and fast processing sets 1st Commercial Credit apart from other factoring banks and lending companies. We provide the most responsive and helpful service in the alternative lending industry and can deliver a wide range of asset-based lending products that include the following:
The knowledgeable staff at 1st Commercial Credit can work directly with your bank to create synergy for both parties. Adding accounts receivable lending options will enhance your bank's reputation for customer service and can strengthen your relationships with new and established clients.
At 1st Commercial Credit, our receivable factoring service is a flexible source of funds for businesses. We are a factoring company that simply utilizes your accounts receivable as the collateral and advance money against the face value of your invoices. Financing receivables is a credit line that grows proportionately with your sales cycle and we can fund as little as $5,000 a month and up to $10 million for larger companies.
