You did the work. Don't wait to get paid.
Many brokers pay in 30, 45 or 60 days, and many prime contractors in 60 or 90. But payroll, fuel, crews and insurance are due now. Pick your industry to see what 1st Commercial Credit offers, the paperwork you'll need and when factoring is not the answer.
English or Spanish, from start to finish.
Pick your industry
Each page has the rates and terms from 1st Commercial Credit's page for that industry, a real deal where there is one, and the cases where factoring doesn't help.
- Freight truckingFuel advances, non-recourse
- Cable, telecom and fiberCarriers and primes
- Staffing agenciesWeekly payroll
- ManufacturersInvoices and purchase orders
- Distributors and wholesalersIncluding produce (PACA)
- Government contractorsFederal, state and local
- Oil and gasServices and equipment
- Security guard and cleaning companiesShifts already worked
- IT and service providersNo hard assets needed
1st Commercial Credit also works with construction contractors and healthcare providers. If your industry isn't here, tell me who you invoice and I'll tell you whether your invoices qualify.
Already have a bank or SBA loan?
If it's a term loan, factoring can work in second position behind it, without asking your bank to subordinate. It doesn't work behind a bank line of credit or a merchant cash advance.
What you should know
It's not a loan
You sell invoices for work you already did or loads you already delivered.
Everything in writing
Before you sign, I walk you through every cost, line by line, in English or Spanish.
Who it's not for
If your customers pay on delivery or in under 15 days, you don't need it. I'll tell you straight.
New to factoring? Read how invoice factoring works, or see the deals published so far.
Who do you invoice?
It's the first thing I'll ask. Tell me about your business and I'll tell you whether your invoices qualify.
Prefer to talk first? Book 30 minutes. You can also message me on Facebook.