Small Fleet Trucking Company
Clerical Staffing Agency
18 Years In business & Over 3,200 Clients Funded
Available for Canadian Companies
Have you exhausted your efforts at the bank?
If your staffing agency sells on credit terms and has unpaid invoices, 1st Commercial Credit can help you get funding in 3 to 5 working days.
Your staffing 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 staffing companies with more eligibility on receivables than a traditional lender or bank, with 90% less paperwork. Get approved and funded in 3 to 5 working days. We do not underwrite like slow decision banks.
Temp Staffing Agencies come to us due to our quick & flexible approval process, high credit limits, low rates, transparent fee structure, and free Temp Staffing invoicing software that creates your funding schedule.
WE Lend more than the BANK and Make Same Day Decisions
Imagine your company Funded in 3 to 5 working days!
Accounts Receivable Financing is our Business. 18+ years in business
1st Commercial Credit offers unlimited payroll and receivable based funding for staffing agencies. The more sales you generate, the larger your credit facility becomes. We accept staffing agencies 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". You no longer have to wait for checks to come in and clear the bank to make payroll and taxes.
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. Time sheets 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 and pay taxes, we can deliver the funds. Business owners with low credit scores are accepted in our underwriting process.
Free Invoicing Software
All clients are given the option to use our proprietary invoicing software that helps in creating the invoice, merges proof of delivery documentation and prepares the documents for funding. Saves up to 70% in time consolidating documentation for invoicing.
Selective Clients For Funding
We allow for you to pick and choose the clients 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 gross 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.
Whenever you take on a bank loan or utilize bank credit, you are adding debt to your company's books that you have yet to pay off. 1st Commercial Credit uses your invoiced sales to create financing staffing programs that will meet your payroll obligations and help you keep all of your projects operating at a profit.
One of the challenges of running a temp staffing agency is that you are never really sure what new customer will contact you from day to day. As your customers grow they will need to add more temporary staff and you will be able to handle the growth with our funds without having to borrow money to finance the receivables.
Think about how many times you have tried to plan for that annual spike in business but always wind up falling short. Instead of relying on your own company's resources or rushing to borrow money, you can rely on 1st Commercial Credit to deliver the funds.
Corporate growth is a great thing, but if you are not ready for that growth then it can do irreparable damage to your organization's financial structure. If you try to over-reach your economic means, then you may never be able to fall back into what you are used to doing. In other words, one ill-advised jump into a significant growth project without the proper kind of funding can kill your business.
Receivable Financing Rates
Financing Rates at 0.69% to 1.59%