Commerce Commercial Credit, Inc Is a factoring company that provides a wide range financial services including asset based lending, receivable factoring and purchase order finance.
Achieving and maintaining an effective and flexible cash flow is essential to the success of any business, particularly if you sell on trade credit terms. Often you might face an unwelcome pressure on your cash flow through delayed payment by your customers. An Invoice factoring solution can help you fund your business by unlocking the power of your accounts receivable.
Advantage of Invoice Factoring
Invoice factoring provides the cash flow finance and debt management solution that your business needs to succeed. It offers a flexible source of working capital driven directly by your trade credit invoices. It’s responsive, cost-effective and alternative to a bank overdraft or loan. It helps you turn today’s sales invoices into tomorrow’s cash flow by taping into your accounts receivable asset.
Commerce Commercial Credit will typically provide an initial cash advance up to 90 percent of the value of outstanding invoices within 24 hours. The balance becomes available when your customer pays us. The factoring agreement will also provide an ongoing facility that increases in line with the volume of sales and values of the invoices you issue.
How does it differ from bank loans?
Invoice factoring differs from a traditional bank loan in the following ways:
- A bank loan involves two parties whereas invoice factoring involves three: the business who sells the invoice, the customer who has been invoiced and the factoring company.
- The emphasis is on the value of the invoice and not the firm’s credit worthiness.
Invoice factoring is not a loan; it’s the purchase of a financial asset: the receivable.
Commerce Commercial Credit, Inc. is one of the best factoring companies in the United States specializing in funding services that provide working capital and cash flow to businesses in a variety of industries. We offer small and midsized businesses money that they can use – now! Our invoice factoring, asset based lending and purchase order financing services represent the types of funding options that can enable businesses to realize their financial goals.
We supply businesses with needed receivable financing to meet payroll, pay suppliers and make fuel purchases. Traditional bank financing is too slow and cumbersome when you need an immediate cash infusion to support your business goals. Commerce Commercial Credit has a simple, two-page application and an immediate response. With a broad range of funding options such as receivable lending and purchase order financing, we are here to supply your factoring solutions.
Our asset based financing has helped many businesses across a broad spectrum of industries and fields. We understand the entrepreneurial world and are here to support your business with good and flexible service. You can receive same day approval and quick answers to any question you may have about the process.
What We Offer
Not all factoring companies are the same. Your partnership with Commerce Commercial Credit, Inc. brings:
- Competitive receivable financing rates
- Reasons to say No: Financials, Monthly minimums, Invoice minimums
- Transparent contracts with no hidden fees or upfront fees
- Receivable based lines of credit up to $2.5 million
- Same day decisions
Invoice factoring can help ambitious businesses like your expand and grow. This working capital solution provides cash now for money customers usually pay later.
Asset Based Lending
Our asset based loans also provide immediate funding with revolving lines of credit based on the value of business assets. Businesses can maximize their borrowing capacity through inventory, raw materials and accounts receivable.
Purchase Order Financing
With purchase order financing, you can make goods available to customers before an invoice is generated. If you are a reseller, distributor or importer of products, purchase order financing can fuel your business with cash. You can deliver orders and watch your business grow.
Who We Serve
- Transportation Industry
- Oilfield Service Companies
- Exporters & Importers
- Service Providers
What is Invoice Factoring?
Also known as accounts receivable funding, invoice factoring is a funding solution that many businesses use to free up capital tied to customer invoices. An invoice factoring company like Commerce Commercial Credit, Inc. agrees to provide payment in exchange for outstanding invoices that customers owe to the business. Through this funding partnership, the business can access money it needs to pay employees, expenses and expand its services.
If your business needs money that customers owe quickly, accounts receivable factoring is a viable option. Essentially, you are selling your invoices for a percentage of the amount owed on the invoice. Instead of waiting 30, 60 or 90 days hoping to receive a payment from customers, you can access the cash today.
Benefits of Invoice Factoring
Cash flow is not only king, but it is also important for your business to grow and succeed. When banks say no or not now, factoring provides an alternative to receive cash for your business – without the hassle and wait.
The ebb and flow of cash flow is something that all business owners will experience. Tighter restrictions from traditional financial institutions have had a dwindling effect on small and midsized businesses. Fortunately, receivable financing has filled this gap with flexible terms and competitive lending rates.
More businesses are taking advantage of funding solutions from factoring companies to grow. To make sure you are not missing out on a grand opportunity, it is important to understand the many benefits of invoice factoring.
Fast Access to Your Cash
Factoring is a quick and easy process that can put cash in your hand within 24-48 hours compared to the weeks or months that banks take to make business loan decisions.
Improve Cash Flow Without Incurring Debt
You never worry about adding liabilities to your balance sheet. Invoice factoring is not a loan and you never have to make monthly loan payments along with payroll and other operational expenses.
Flexible Lending Terms
Borrowing on receivables is designed to grow as your sales increase. You can choose how often and which customer invoices you want to include in the factoring process. You are not tied to a long-term contract with monthly minimums. As you receive more sales, you can receive more funding.
Reasonable Accounts Receivable Factoring Fees
Fees for factoring your invoices will vary based on the industry, volume and number of invoices. Other things are taken into consideration, but you never have to worry about hidden fees. Your business can receive reasonable fees whether you take advantage of asset based lending or purchase order financing.
Be Free from Stress
Nothing is worse than having to wait for customers to make payments on their bills so that you can pay yours. The wait is over with invoice factoring services. You can make timely payroll payments and pay expenses without damaging your business credit, incurring late fees or worrying that your employees will quit.
Add More to Your Bottom Line
Many businesses are realizing that factoring can fund growth or increase profits. Besides having a method for paying bills, you can increase inventory for large orders, take advantage of discounts on early payments or negotiate supplier discounts. Whatever you need, it is possible to use this source of funding to make money or save money.
Strong Business Financials are not Required
Traditional banks look at your business credit history, years in business and historical financial statements before approving a loan. Qualifying for invoice factoring does not require the same stringent terms. A factoring service company will look at the strength of your customers’ invoices and payments instead. This is good news if you are a startup or a fast-growing business that will not satisfy bank requirements.
Extend Favorable Terms to Customers with Confidence
Have the ability to offer favorable credit terms to customers without hurting your cash flow. This will help to increase your sales numbers with large customers and add new ones to your database. Most factoring companies will help underwrite existing or new customers. This way, you will avoid extending terms to potentially high risk customers.
Professional Management of Accounts Receivable
Partnership with a professional factoring company like Commerce Commercial Credit means that you never worry about customers being harassed for payment. The company is not a collection agency and will make sure your customers are treated with respect.
In the meantime, you can focus on the core of your business without adding in-house expenses and resources to collect invoice payments. Your factoring company is capable of handling the paperwork, headaches and payment collections with a high degree of professionalism.
The freedom of having a positive cash flow without increasing debt presents a clear picture of why so many businesses have turned to invoice factoring. Cash tied up in accounts receivable can be used to fund growth, meet payroll, get early payment discounts and maintain a good business credit rating.
With Commerce Commercial Credit, Inc., Your Receivables Turn Into RESULTS!
Whether you are looking for general information about how factoring services can work for your business or want to begin the application process, Commerce Commercial Credit, Inc. is the best place to start. We are here to answer all of your questions about turning your receivables into results. Our professional team is experts in invoice factoring, purchase order financing, asset based lending and many other funding services.
You have worked hard to build a business that is too valuable to lose due to a temporary shortage in cash flow. Neither should slow paying customers or the inability to get a bank loan limit the growth prospects for your business. The wait is over for invoice payments. Now, you can rely on a factoring company and avoid losing business or turning customers away simply because you do not have the cash flow to support the business. Commerce Commercial Credit, Inc. is the best solution for cash advances and revolving lines of credit.
Receive Cash from Accounts Receivable Loans within 24-48 Hours after Approval
Commerce Commercial Credit, Inc. can improve your cash flow quickly and empower you to do all the things necessary in having a profitable business. With more customers, you can generate more sales, get more done and continue expanding within your respective industry.
Find the Answers You Need from Commerce Commercial Credit
New to factoring services? Learn about the process, benefits and how this funding source can help your business. Explore our Frequently Asked Questions for detailed insight into how this innovative lending resource works.
You will find that our website is easy to navigate. From information about the industries we serve to the types of financing solutions available, we are here to answer all of your questions. If you desire more information about purchase order financing, asset based lending, invoice factoring or any other funding solution, Commerce Commercial Credit is here to help. We want you to feel confident about the financial decisions you are making for your business.
Perhaps you have tried other options such as bank loans or credit cards to fund your business with very little success. If you have a good business with the potential for more growth, we are here to speed up your wait time for better cash flow. Our goal is to empower you to survive and thrive in your industry or field.
It is a fact that most businesses fail due to problems with sufficient cash flow. Even with a steady stream of revenue, sometimes the cash flow does not mirror that potential. Having to wait 60, 90 or even 120 days for payments from customers can put your entire business in jeopardy. Invoice factoring offers a liberating way to resolve your cash flow problems.
An immediate flow of cash can resolve your business’s financial woes instantly without the added expense of a bank loan or credit card payments. When time is a key factor, there is no better solution than invoice factoring. Three primary advantages of selling your accounts receivable over traditional capital financing options are: faster process, cost-effective and debt-free.
Feel free to call us today at 855-695-6700 to receive more information on how Commerce Commercial Credit, Inc. can provide your business with the financial assistance it needs.