Realtime website tracking softwarewebsite statistics Need A Canadian Factoring Company? | 1st Commercial Credit

Is your business growing faster than your operating capital?

We Have Funded over $4 Billion In Receivables

Over 18 Years in Business

Recent Transactions

$350,000

Long Haul Trucking Company

$250,000

Small Fleet Trucking Company

Need a Factoring Company that can Fund in 3 days?

Financing Rates at 0.69% to 1.59% Click Here to Request A Quote

  • No monthly requirements.
  • No financials needed.
  • No setup fees
1

Receivable Financing

Receivable factoring is a method 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.

accounts receivable financing options
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2

Asset Based Financing

Asset based Financing helps you borrow money based on the value of your assets such as raw inventory, accounts receivable, plant machinery. 1st Commercial Credit offers higher borrowing ratios than traditional banks.

Asset based funding options
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3

Purchase Order Funding

Purchase order funding is suitable for any Canadian wholesaler, importer or any company that buys and resells goods. 1st Commercial Credit offers a variety of purchase order financing solutions to meet your trade financing needs.

Purchase order financing program
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Have you exhausted your efforts at the Bank?

Does your business sell on credit terms and now have a shortage of cash flow? Get Started Today and Have Your Funds in 3 to 5 Working Days

Request a callback

Request a callback today!

Receivable Financing Rates

Financing Rates at 0.69% to 1.59%

  • Quick Approval Process!
  • No Financials up to $350k
  • Easy Set-Up in 3 to 5 Days
  • Over 17 years in business
Schedule Callback

What Does 1st Commercial Credit Offer?

1st Commercial Credit is a receivable finance company that can benefit many types of businesses in their particular situations.

Invoice financial services, asset based financing and purchase order funding could be especially advantageous to those with seasonal sales or other determining, fluctuating capital demands. Alternatively, it works for companies that find it difficult to arrange the usual type of business loan.

Receivable Financing Rates at 0.69% to 1.59%

18 Years In business & Over 3,200 Clients Funded

  • Fast Approval Process
  • No Up Front Fees to Set up
  • No Financials Required
  • Low Credit Score Accepted
  • 3 to 5 Day Initial Setup
  • Free Invoicing Software with Merging Apps

1st Commercial Credit Funds Accounts Receivable Financing Quickly

After your application is approved, the next step is to set-up your account.

It takes us five business days or less to get your account up and in working order, and we only have to do it once. Once your account is approved, we can fund the invoices and advance you the funds in 24 hours

As one of the premier factoring companies in Canada, we pride ourselves on utilizing the latest technology to get the job done fast for our clients. We can approve invoices quickly and we can advance funds in a time frame that makes sense to your business. We do not charge you a set-up fee and we have absolutely no hidden fees that will take away from the money that your company has worked so hard to earn.

Why Choose Us?

Accounts Receivable Financing is our Business. 18+ years in business

  • Financing Rates at 0.69% - 1.59%
  • 10,000 & up to 10 million Facilites
  • No Financials Required
  • Set up in 3 to 5 working days
  • No up-front fees - No hidden fees
  • No facility fees - No Audit Fees
  • Customer referrals upon your request
  • We Make Same Day Decisions
  • No Monthly Minimums
  • No invoice Minimum Fees

Most Popular Industries We Serve

Request a call back today Click Here to Start Today

Invoice Financing for Staffing Agencies

Invoice Financing for Staffing Agencies

Temp Staffing Agencies

Does your staffing company need payroll funds right now?

It cannot be denied that when staffing firms experience growth, the usual problem that goes with this is the lack of sufficient funds. At 1st Commercial Credit, we provide the most flexible financial funding for staffing agencies.

Invoice Financing for Trucking Companies

Trucking Invoice factoring Services

Get Full advances on your trucking invoices.

1st Commercial Credit is a premier freight funding company that has years of experience in turning bills of lading and invoices into immediate cash flow for your trucking company.

Invoice Financing for Manufacturers

Manufacturing Finance

Simple Financing Solutions for Manufacturing

1st Commercial Credit is a finance company that understands all of the changes that have occurred in manufacturing.
We focus our approvals based on the credit capacity of your clients and not the financial strength of your company.

Invoice Factoring for Distributors

Distribution and Re-sellers Finance

Net 30, 60, 90 day terms hurting your cash flow?

1st Commercial Credit offers quick and flexible financial solutions to distributors who need additional funds for their businesses. We have the most comprehensive and competitive factoring and invoice discounting options which can fuel the increasing demands.

Invoice Factoring for Gas, Petro and Oilfield Services in the UK

Oil and Gas Financing

Do You Need Cash Flow For Your Oilfield Services Company.

1st Commercial Credit understands your business and that is why we are the ideal accounts receivables funding partner. As the accounts receivables grow for an oilfield service company, so can the financial headaches.

Request a callback

Request a callback today!

Receivable Financing Rates

Financing Rates at 0.69% to 1.59%

  • Quick Approval Process!
  • No Financials up to $350k
  • Easy Set-Up in 3 to 5 Days
  • Over 17 years in business
Schedule Callback

We Attract Clients That:

  • Expand so rapidly that they outgrow their working capital
  • Come from small business start-up ventures
  • Lose bank credit lines due to covenant violations
  • Experience seasonal sales
  • Experience strained cash flow due to a slow turnover in receivables
  • Have a large customer concentration
  • Need export receivable financing, credit protection or purchase order financing
  • Require In-transit inventory finance

Why Do You Need A Canadian Factoring Company On Your Side?

Let's take a close look at the invoice collection process and try to determine how much of it your company can actually control. Your sales professionals head out into the world and sell your products or services to a target audience. If you do your marketing properly, then you can arm your sales professionals with leads that have a strong chance at turning into paying clients. You and your accounting group do your due diligence prior to approving each and every new credit account in the hopes that you can establish relationships with customers that do not promise to buy more product than they can actually pay for. The point to credit is to allow customers to buy product now, and then pay for it later. But the unpredictable nature of when customers will actually pay is when problems start to occur.

After doing your due diligence in establishing credit accounts, you allow your customers to start ordering products. Since these customers are on credit terms, your company is fronting your customers the money to buy these products. Until your customers actually pay their invoices, your organisation is on the line for the money required to fill orders.

Small to medium sized businesses do not always have the cash on hand to fulfill orders, so these businesses are sometimes forced to utilize receivable financing as a viable and fast solution. As the company waits to get paid for the products it has shipped on good faith, it continues to need cash to maintain operations and 1st Commercial Credit delivers the funds.

Financing Receivables Changes Your Company's Economic Outlook

As you can see, Canadian small to medium sized business run into trouble when they allow invoices to go 30, 60 and even 90 days past due. If these Canadian entrepreneurs manage to find a lender that will help fill in cash flow funds while waiting for clients to pay their bills, they will be in a great cash flow position.

1st Commercial Credit is an accounts receivable factoring organization that removes several of the financial challenges from the invoicing process. We will take your receivables and convert unpaid invoices to cash in your bank account.

Funding receivables is something that we do everyday. We can not only help your company meet its financial obligations with domestic transactions, but we also have the resources and expertise to facilitate international business as well. We are a full-service company that can show you how funding accounts receivable programs can help your business to grow.

Bad Credit, Good Credit, Or No Credit At All

Every day, Canadian business owners struggle with decisions that could affect their companies' financial futures. Do you pay that vendor bill this week, or do you make your payroll instead? Most business owners will choose to make payroll, and that will put their vendor invoice into a past due situation. It offers the business owner a chance to see this financial process from the side of the late-paying client and it can also damage the company's credit score. The business owner looks at the stack of his own past due invoices and cannot help to feel frustrated at the position that his own clients have put him in.

1st Commercial Credit is not interested in your company's credit score. Accounts receivables factoring is something that every company needs to utilize, regardless of their credit status. When we approve an invoice for funding, the approval is based on the financial status of your customer and not your company. We will allow you to use your client base's combined financial strength to your advantage.

With this kind of a program in place, you can pay your vendor bills on time and improve your credit. A start-up can make sure that it has the cash flow it needs to grow and avoid a plummeting credit score. A company with good credit can preserve that credit profile and prevent any kind of challenges from bringing down the company credit score. This is the ideal plan for any company and we do not care what your company credit profile says. All we care about is getting your cash flow moving using your invoiced sales.

An Introduction to MyBizPad Invoicing and Funding Submissions

Save over 70% time in submitting invoices for funding.

Invoice factoring for business owners is a very time-consuming task in keeping up with submitting invoices along with backup documentation. Our affiliate company has developed a system that allows an easy to use consolidated feature that batches up invoices in the Factoring Module. The batch is prepared and ready to be sent out to a us at any time.

Learn More About MyBizPad

Request a callback

Request a callback today!

Receivable Financing Rates

Financing Rates at 0.69% to 1.59%

  • Quick Approval Process!
  • No Financials up to $350k
  • Easy Set-Up in 3 to 5 Days
  • Over 17 years in business
Schedule Callback