1st Commercial Credit is an Austin, Texas receivables factoring company. 1st Commercial Credit factoring uses your commercial credit sales on account as business collateral to get your business money today. 1st Commercial Credit factoring offers a receivables line of credit based on the business credit of your business to business customer. The business credit rating of the company you are selling to determine the amount of factor funding your business can receive. This method of factoring accounts receivable allows 1st Commercial Credit factoring to provide your business with flexible immediate working capital. 1st Commercial Credit factoring lines of credit advertise some of the lowest factoring fee rates. These factoring fee rates can be as low as low as .69%% for 30 days.
1st Commercial Credit accounts factoring is easy compared to other forms of credit. Unlike banking lines of credit a factoring line of credit requires little paperwork. Credit limit and factor funding decisions are made quickly. Factoring money can be advanced in days. 1st Commercial Credit factoring clients enjoy:
• Short factoring underwriting process
• Rapid cash advances
• Very little factoring paperwork
• Fast factoring decisions
Small businesses in many industries qualify for 1st Commercial Credit factoring. Some of the types of industries that account receivable factoring works for are:
• Freight invoice factoring
• Distribution company factoring
• Staffing company payroll factoring
• Trucking bill of lading AR funding
• Government contract factor financing
• Medical claims factoring
• Security guard payroll funding
1st Commercial Credit also offers purchase order financing services. With purchase order financing rates starting at 1.5% many companies find purchase order finance to be another ideal solution for their business financing needs. Purchase order funding often uses documentary letters of credit to help importers get goods shipped into a US port from overseas. Letters of credit allow an overseas supplier to make and deliver goods to the United States market without fear that they will not get paid. This trade finance method of getting inventory shipped using 1st Commercial Credit’s capital allows a business to keep up with sales growth, stay on target with seasonal inventory requirements and use their own working capital for other business investments.
Medical claims factoring is another 1st Commercial Credit factoring service. Healthcare providers can now combine medical factoring with medical claims billing and medical claims collection. The combination of all these medical financial services allows a medical provider to reduce their costs through reducing vendors. Full service medical factoring bills the medical claims, scrubs the medical claims, submits them, gets the provider cash once they are submitted successfully and collects claims from third party payors. Some of the payors acceptable for medical factoring include:
• Atnea medical receivables factoring
• HMO medical claims factoring
• Blue Shield medical billings finance
• Wellpoint medical receivables
• CIGNA medical claims receivables factoring
• Medicare medical claims receivable factoring
• Commercial insurance medical factoring programs
• Blue Cross medical billings
• Humana medical claims funding
• Wellpoint medical receivables
• Wellcare medical accounts receivable
• Humana medical ar
• Kaiser Permanente medical receivables
This unique form of healthcare finance ties the medical practice financing to the claims volume. This makes it easy for 1st Commercial Credit medical factoring to finance medical providers that may not be able to get bank financing. Medical factoring with 1st Commercial Credit eliminates the time lag between medical billing and medical claims collection. Some types of medical practices currently benefiting from medical claims factoring include:
• Allergology practice
• Anesthesia
• Angiology practices
• Cardiology
• Dermatology Medical Groups
• Endocrinology
• Gastroenterology practices
• Geriatrics Medical Groups
• Gynecology
• Hematology practice
• Hepatology
• Kinesiology practices
• Nephrology Medical Groups
• Neurology
• Nuclear medicine
• Obstetrics practices
• Oncology
• Ophthalmology Medical Groups
• Paleopathology
• Palliative medicine
• Pathology Medical Groups
• Pediatrics practices
• Podiatry practice
• Pulmonology
• Radiology Medical Groups
• Rehabilitation medicine
• Rheumatology Medical Groups
• Toxicology practice
• Urology medical practices
If any of the accounts receivable factoring services 1st Commercial Credit offers might be a good fit for your business financing needs reach them today:
9442 Capital Of Texas Highway North
Plaza One Suite 500
Austin, TX 78759 USA
Phone: 800 876 6071
