Long Haul Trucking Company
Clerical Staffing Agency
18 Years In business & Over 3,200 Clients Funded
Available for Canadian Oil Field Service Companies
Have you exhausted your efforts at the bank?
If your Oilfield Service Company is selling on credit terms to prime contractors in the oil field service industry, then it is likely that you have invoices past 60 day payment cycle. 1st Commercial Credit can help you get initial set up and funding in 3 to 5 working days and convert your outstanding invoices to working capital.
Flexible Financing for Small to Medium Size Oilfield Service Companies Get Your Funds in 3 to 5 Days
Your Oilfield Service Company has unlimited growth limitations with our funding program. Your line of credit grows with your credit terms sales and can start a with as little as $10,000 to $10 Million in monthly sales.
We fund Oilfield Companies with more eligibility on receivables than a traditional lender or bank, with 90% less paperwork. Get approved and setup in 3 to 5 working days. We do not underwrite like slow decision banks.
Oilfield Service Companies come to us due to our quick & flexible approval process, high credit limits, low rates, transparent fee structure, and free manufacturing invoicing software that creates your funding schedule.
WE Lend more than the BANK and Make Same Day Decisions
Accounts Receivable Financing is our Business. 18+ years in business
The oil and gas service provider sells items or services to credit worthy commercial account customers and it has not pledged accounts receivable as collateral.
The more sales your service company generates, the larger your credit facility becomes.
We accept oilfield service companies with as little as $10,000 a month in sales to $10 Million.
The ultimate value in our funding programs is "Consistent Predictable Cash Flow". Your service company no longer has to wait for checks to come in and clear the bank to pay suppliers, make payroll, pay taxes and fixed expenses.
Same Day Decisions puts your company back on track.
1st Commercial Credit is an accounts receivable finance company that specializes in advancing funds against the face value of your invoices sold on credit terms for delivered products. A proof of delivery document should be accompanied by your invoices. If you have invoices sold to a credit worthy accounts, that's 95% of the approval process. We have funded over 3,200 businesses just like yours and we are very confident in finding a solution for your funding needs.
We move very fast and when a business owner is in need of funding within a week to make payroll, pay suppliers, lease payments, fixed expenses and taxes. Business owners with low credit scores are accepted in our underwriting process.
Selective Clients For Funding
We allow for you to pick and choose the customers you wish to enroll for invoice financing. No need to send in all the customers you have for funding. We want you to use what you need when you need it, and as your business grows, you can use more or you can stop if you are able to retain earnings.
Credit Analysis for Account Debtors
We are constantly monitoring credit in the portfolio to prevent losses in case a customer's payment trend begins to slip.
Free Invoicing Software
All clients are given the option to use our proprietary invoicing software that helps in creating the invoice, merges all the backup documentation and prepares the invoice for funding. Saves up to 70% in time consolidating documentation for invoicing. Free app if needed for out of office people to upload documents with their cell phone and immediately available for submitting for funding.
For an oilfield services company, the workday never really ends. An oilfield service employee works long hours and has a team of other employees who are also putting in long hours each and every day. The oilfield companies have to be able to insure a steady cash flow. The problem is that oil exploration companies sometimes tend to pay their invoices late and that leaves a financial gap that the oilfield services companies must fill. These hard-working organizations do not have time to stop and figure out their finances. They need fluid solutions that will keep their cash position strong.
As the accounts receivables grow for an oilfield service company, so can the financial headaches. The workers in the field need to replenish their supplies on a regular basis, and it takes cash to do that. 1st Commercial Credit has seen more than a few oilfield service invoices in our day and we have accounts receivables funding programs that will turn those invoices into instant cash. We can get you cash on or before the invoice due dates, and we can also get you cash within 24 hours for the past due invoices that are clogging up your cash flow. 1st Commercial Credit understands your business and that is why we are the ideal accounts receivables funding partner for the oil industry.
1st Commercial Credit will take your past due invoices and turn them into cash within 24 hours
When the time comes to meet payroll or pay for those ongoing oilfield service expenses, you may think that cash flow slowed by past due invoices pushes you towards bank borrowing. But the mere fact that you have past due invoices slowing up your cash position means that your company has the financial resources it needs to attend to its own economic condition without the help of a bank or any other corporate finance company that would add debt to your bottom line.
Your aging report shows invoices that are 30, 60 and even 90 days past due. Instead of looking at those invoices as obstacles to financial success, you need to consider them assets to your company. 1st Commercial Credit will take your past due invoices and turn them into cash within 24 hours. All you would need to do is apply for an account online and we will have your account set up in five business days or less. With an account in place, we can start advancing you funds against the face values of your invoices immediately. The approval process takes only minutes and the funds transfer can happen with 24 hours of approval. 1st Commercial Credit is not just an alternative to bank financing, we are the solution to the problems that banks can cause.
Our invoice financing solutions bring economic stability to a company and we allow that company to reach all of its goals utilizing its own financial resources.
1st Commercial Credit takes your receivables and makes them go to work for you instead of allowing them to rot away in an aging report. When your money works hard for you, then your company is on its way to success.
You have deadlines to meet and new clients to impress, so you do not have time to fill out an application for every funding need.
Receivable Financing Rates
Financing Rates at 0.69% to 1.59%