1st Commercial Credit is an invoice factoring company that offers asset-based financial services to small and mid-sized businesses. Its services include accounts and government receivable financing, international trade factoring, and purchase order financing. In this article, we cover 1st Commercial Credit reviews and pricing. Ready to get started? Visit its website.
1st Commercial Credit Pricing
The 1st Commercial Credit pricing details include interest rates that range from 0.69% to 1.59%. Its credit lines start at $5,000. It can fund loans anywhere from three to 10 business days.
0.69% to 1.59%
Prime +2% and admin fee
Starting at $5,000 and up to $10 million
Typical Time of Funding
Anywhere from three to 10 business days
Ready to get started with 1st Commercial Credit? Visit its website.
Top 1st Commercial Credit Alternatives
No minimum credit score invoice financing up to $100,000
Small businesses that need next-day invoice factoring up to $5 million
Businesses that want nonrecourse factoring from $30,000 to $10 million
Invoice financing and factoring facilities up to $10 million
Evaluating multiple invoice financing options on a free online marketplace
Summary of 1st Commercial Credit Reviews
As of the date that this article was written (September 2, 2019), there are no 1st Commercial Credit reviews available online. If you are a past or current 1st Commercial Credit customer, leave a review to help others who are deciding whether or not to use the service.
Top Invoice Factoring Companies From Fit Small Business
6 Best Invoice Factoring Companies 2019: With invoice factoring, your unpaid invoices are converted into immediate cash through an advance of 80% to 90% of the total amount owed. We reviewed invoice factoring companies to find the six best factoring companies. These companies are experienced at collecting payments for small businesses with some of the best advance and discount rates in the industry.
1st Commercial Credit Services
Check out the list below of some of 1st Commercial Credit’s services:
- Accounts receivable funding
- Invoice factoring
- Cash flow lending
- Purchase order financing
- International factoring
- Bank factoring
- Invoice discounting
- Payroll funding
- And more
1st Commercial Credit FAQs
How much of the company’s sales ledger can 1st Commercial Credit fund?
1st Commercial Credit can fund up to 100% of the company’s creditworthy accounts and, depending on the industry, it may fund up to 92% in advance.
Can I still apply for a factoring or accounts receivable financing even if my company owes back taxes?
It depends since tax problems are handled on a case-by-case basis. Upon application, you must let 1st Commercial Credit know your concerns so that you can discuss a lien subordination with the tax entity or request a payoff amount.