Do you have a business in Alberta that sells to commercial accounts on credit terms? At 1st Commercial Credit, we make
receivable financing easy to obtain with minimal requirements and usually can have a same day decision. If your
Alberta-based 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 Companies provide a financial method used by businesses to convert sales on credit terms for immediate cash flow. The receivables are pledged as collateral and the business may draw cash against the eligible accounts receivable at any time.
Accounts receivable financing, also know as Factoring is not a loan, so there is no need to make payments or create debt to your business.
Factoring accounts receivable has become the preferred financial tool in obtaining flexible working capital for small to medium size businesses.
Accounts receivable
financing provided in the following cities of Alberta :
Alberta Businesses benefit by Factoring
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.
1st Commercial Credit 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.
Businesses Qualify for Accounts Receivable Financing in Alberta
A business can qualify for accounts receivable finance if it generates sales on open credit terms to credit worthy businesses. Most of our clients are fast growing companies whose past earnings and sales histories will not justify a traditional loan. Our financing programs can accommodate start-up operations with no financial base to rely upon or companies with seasonal or uneven sales patterns.
Alberta Industries
That Qualify for Invoice Factoring?
Accounts receivable factoring is available to all industries that provide services, or deliver products to commercial accounts. The sale must be "final sale" or have no disputes on invoices that will be considered funding. The service or product must be completely delivered in order for an invoice to be eligible for funding. There is no limit on industries that can
factor receivables but usually fall under the above criteria. Please call for more
details at
Request a quote today or call now for details at1 800 450 9653 (24/7).
1st Commercial Credit is a factoring company that
provides receivable financing for all major industries, We are
always adding industries to our portfolio.
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