1 (561) 501-1648

1stFactoring is an online gateway to professional grade invoice factoring and accounts receivable financing designed to eliminate cash flow problems associated with 30-90-day term invoices and receivables. We work with staffing trucking & transportation and most other industries.

THE PROCESS IS A SIMPLE ONE

• Complete the simple application process (online)
• Get approved (Documents are then signed)
• You submit invoices (invoices are processed)
• Funds are deposited into your bank account

Below are a few of the other advantages:

• Hassle-free application to funding process
• Ideal for companies billing their customers on credit terms of up to 90 days
• No more waiting 30 to 90 days to get paid by customers
• By offering credit to your customers you can secure more customers
• Non-recourse factoring (we assume the risk for non-payment by any customer we are factoring for you)
• Protection from bad debt with our non-resource option
• Receivables line of credit option (more information below)
• Factoring starts at $20,000 and as high as $35 million
• Facilities tailored to fit the funding requirements of our client
• Up to 95% advances (Staffing)
• Up to 98% advances (trucking)
• Up to 95% advances (freight brokers)
• Up to 95% advances (other industries)
• Very competitive and attractive rates
• Flexible terms
• We specialize in Vendor Management Systems (VMS Systems)
• Complete access to your account via our secured online portal
• Perform free credit checks on new customers 24/7
• Invoicing and collection services included
• For trucking and transportation, fuel card for savings at the pump and added convenience
• Funding for well-seasoned companies and startups
• Plus other benefits

RECEIVABLES LINE OF CREDIT

Our receivables line of credit option is called a ledgered line of credit, which offers many of the advantages of a traditional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of their latest financials or an audit. A ledgered line of credit has no such restrictions.

A ledgered line is ideal for companies that are considering a traditional line of credit or are presently with an asset based lending or bank line and would like to get away from the strict requirements but maintain the features of a traditional line and competitive pricing. And unlike a traditional line of credit, there are no audits or restrictive covenants with respect to ratios, concentration, etc.

HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT

• No audit requirements
• No restrictive financial requirements
• No restrictive covenants
• No financial ratio requirements
• No concentration restrictions
• No long application to funding process
• Plus other benefits

For more information about our invoice factoring or receivables line of credit, please submit this SHORT FORM. The affiliate office that handles your area will contact you shortly.

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