As Your Business Grows
We Deliver The FUNDS
We Deliver The FUNDS
Accounts receivable financing is used by businesses to convert sales on credit terms for immediate cash flow. 1st Commercial Credit adopts a quick and simple approval process and expedites initial funding in 3 to 5 working days.
learn moreTo understand why invoice factoring is a better option for your business, here is a short and simple explanation to understand what invoice factoring companies can offer and learn about the financing process.
When companies are experiencing rapid growth within their industry, cash flow issues can ensue. To have a successful business, you will have to provide the best criteria for your clients. Offering appealing credit terms to clients is what could turn out to be the cause of your cash flow shortages. Imagine offering credit terms of 30,60,90+ days to customers and then having to wait for these payments while still running operations to keep your business up and moving. Accounts receivable financing, or invoice factoring, is a financial solution that allows you to sell your receivables or unpaid invoices to a factoring company. This financial solution will allow for an injection of cash flow at a discount, allowing you to continue with your business’s daily operations such as payroll and payments to vital suppliers.
An accounts receivable factoring service like the one 1st Commercial Credit offers converts invoices sold on credit terms to immediate working capital.
It has become a simple, fast, and easy way to access cash flow for your Fort Lauderdale business. 1st Commercial Credit is a factoring company specializing in evaluating accounts receivables in Fort Lauderdale and can make a prompt approval decision.
1st Commercial Credit finances some of the most popular industries in Fort Lauderdale. We offer invoice factoring to trucking companies serving the city’s transportation needs. Oftentimes trucking-related companies have to wait a long time before receiving payment which can cause some cash flow struggles.
Another industry taking advantage of our financing services is manufacturing. The manufacturing sector in Florida has experienced unprecedented growth and success mainly due to the business-friendly environment and low taxes. We provide financing options to manufacturers to help fulfill orders while having to wait for the cash to come in. For manufacturers is especially critical to have sufficient funds for production and delivery of products on time.
1st Commercial Credit is a specialized lending company with more than 18 years of experience financing businesses in Fort Lauderdale. Our business payroll funding offers quick access to cash to cover payroll each period. Business owners won’t have to lose time or effort worrying about insufficient cash reserves to fulfill all of the business reponsabilities.
Is your Fort Lauderdale business struggling with the same issue all growing businesses face inevitability? Qualifying for a loan from a bank can be very challenging because of many reasons. Banks will base their decision on your credit score and current or past financial struggles. Because of this issue, working with an invoice factoring company is your financial solution. 1st Commercial Credit is a specialized lending company with experience working with Fort Lauderdale businesses.
We provide a fast and simple application process and decision. Once we make a decision, your company can receive funding within 24 hrs. Unlike other accounts receivable financing companies, 1st Commercial Credit makes receivable financing easy to obtain with minimal paperwork. Our decisions are not based on financials, tax returns, or even equity to debt ratios. We make decisions primarily on the invoicing process and the credit strength of the account debtor (buyer).
1st Commercial Credit is a factoring company in Florida specializing in funding Fort Lauderdale businesses of all sizes.
We offer various financial solutions to companies in Fort Lauderdale, including invoice factoring, purchase order financing, trade payable financing, and asset-based lending, to mention a few.
These types of financing programs could be advantageous to businesses with seasonal sales or other fluctuating capital demands. Our decision-making is within hours when a client requests additional working capital once a factoring line of credit is set up.
The city of Fort Lauderdale has experienced incredible growth in many industries. Due to its favorable economic climate, the City of Fort Lauderdale has established itself globally as an international business center and the most desirable location for new, expanding, or relocating businesses.
1st Commercial Credit can assist your business with our accounts receivable financing and other financial solutions. Because of the flexibility that we offer, you will take your company's capacity to the next level.
Formally known strictly as a tourism-based economy, Fort Lauderdale now supports a diverse range of industries, including manufacturing, finance, insurance, real estate, and import and export, all of which 1st Commercial Credit has extensive experience funding.
1st Commercial Credit provides invoice factoring for Florida businesses in just about every industry. A financing account can be set up within 3 to 5 working days with no financials requested. Our competitive factoring rates are between 0.69% and 1.59%.
Manufacturers and importers in Fort Lauderdale need more cash flow than ever before. Vital suppliers need to get paid, and customers want longer credit terms. 1st Commercial Credit offers receivable finance for manufactures experiencing working capital shortages.
Our Invoice Factoring and Accounts Receivable Lines of Credit provide the 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. Manufacturing companies in Fort Lauderdale benefit from the region's skilled workforce, efficient air, sea, and land shipping services, and professional support services. A stable and highly favorable tax climate enhances profitability for many businesses looking to grow and prosper in the Fort Lauderdale area.
With easy access through the Panama Canal, Fort Lauderdale is positioned close to Latin America, including Mexico, Belize, Guatemala, Honduras, and many other Caribbean basin nations. Port Everglades and Fort Lauderdale Airport are two main transportation spots contributing to import and export and international trade companies in Fort Lauderdale, Florida.
With access to Fort Lauderdale Airport and Port Everglades, businesses in Fort Lauderdale enjoy fast and convenient connections to world markets. A diverse, multilingual workforce and convenient office and warehouse facilities support the flow of international goods and services. In addition, Fort Lauderdale is also home to many organizations that assist importers, exporters, and global service providers.
International business, including international trade, supports nearly one in six jobs in the state and accounts for one-sixth of the state's economic output. Most of the state's exports and imports came through the Miami Customs District, including Port Everglades and FLL.
If your Fort Fort Lauderdale staffing agency is growing faster than your operating capital, 1st Commercial Credit can help by offering unlimited payroll funding. Meeting staffing payroll during growth can be a challenge. Financing staffing agencies is a straightforward process for us, and the application process is simple and straightforward.
At 1st Commercial Credit, our accounts receivable financing service is a flexible source of funds for temporary staffing companies. We utilize your accounts receivable as collateral and advance funds against the face value of your pending invoices. The receivable credit line grows proportionately with your sales. 1st Commercial Credit can fund as little as $10,000 a month and up to $10 million for larger staffing companies.
The city of Fort Lauderdale has managed to succeed in all aspects, creating a prosperous economy. Now a world-class international business center, Fort Lauderdale is at the top of the list of cities for expanding or relocating businesses. This city, just like the rest of Florida, benefited greatly from tourism as a form to feed their economy. Still, it has quickly adapted to succeed in a diverse range of industries, including marine, finance, manufacturing, high tech, real estate, aviation, aerospace, film, and tv production.
The industries employing most of the inhabitants in Fort Lauderdale include retail, hospitality, healthcare, professional, education, administrative, construction, other services, trucking and freight.
Fort Lauderdale is located in the south of Florida between Miami and Palm Beach, making it an excellent location. With 183,109 inhabitants, Fort Lauderdale is the 10th largest city in Florida and the 142nd in the country. Famous for beautiful beaches, palm trees, and its 300+ sunny days a year. This city offers nature, boating, events, attractions, and Fort Lauderdale has some of the most beautiful and sought neighborhoods in the country.
Some other activities that attract people to this place include luxurious resorts, museums, nightlife, shopping, and casinos. The Atlantic Ocean, the New River, and many scenic inland bodies of water surround Fort Lauderdale, granting it the nickname “Venice of America.”
This fantastic place has evolved into a city that can balance both an excellent quality of life and an attractive environment for businesses looking to establish or relocate. All this has been possible thanks to the work and effort of the local government, the residents, and the Fort Lauderdale business sector.
In summary, Fort Lauderdale is considered the right place to live, create a business, and raise a family.
1st Commercial Credit has extensive experience providing accounts receivable factoring services to Florida and its cities including:
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