Commerce Commercial Credit offers receivable finance for manufactures and distributors experiencing cash flow shortages. Our factoring finance program provides the utmost flexibility for enhancing your company’s capacity to grow without having to worry about pledging additional collateral. We leverage your receivable based credit line solely on your customer’s financial strength, not your company’s.
Our financial solutions offer the highest advance rate against your accounts receivable in comparison to a bank. In some industries, we can advance up to 90% of the accounts receivable value. When making a receivable based factoring decision, we will focus on the creditworthiness of your customers while banks will focus on your company’s financial history and cash flow.
Receivable financing rates at 0.69% – 1.59%
Optional Structure Prime Rate +2% & Admin Fee
No financials – No monthly minimums – No invoice minimums
No facility fees – No audits – No up-front fees – No hidden fees
Set up account in 3 to 5 working days – 24 hr funding thereafter
Receivable credit lines starting at $250,000 & up to $10 million
Customer referrals upon your request
Not all factoring companies are the same. Your partnership with Commerce Commercial Credit, Inc. brings:
STEP 1: Factoring Agreement The first step is to determine if your business meets preliminary qualifications to receive invoice financing/factoring. CCC will conduct credit analysis using it’s database on the on the clients (account debtors) who owe you money. The Factoring Agreement will set an initial credit line for your business with all the clients you plan to finance.
STEP 2: Submit Invoices for Your Initial Advance CCC will fund your initial advance based on the invoices you submit, the advance funding will vary anywhere from 80-95% of the value of the factored invoice. The amount of your advance is initially established and depends on the size of your client list, transactions, industry, dilution and recurring funding intervals.
STEP 3: The Remaining Balance of the Invoices and Fee Deductions The clients will be notified to pay CCC on the financed invoices. Once your customer pays the invoices based on the terms, the remaining balance will be wired to you, minus the factoring fee. The fee will vary depending on the number of days the invoice remains outstanding. Factoring fees calculated on the invoice amount and can range between 0.69% – 4.9%.
A simple, two page application
An accounts receivable aging report
A customer list with credit limit request
Copy of articles of Incorporation or DBA filing
Purchase orders or rate confirmation agreements
Invoices to factor
At Commerce Commercial Credit, our accounts receivable factoring service is a flexible source of funds for manufacturers and distributors. We simply utilize your accounts receivable as the collateral and advance funds against the face value of your invoices. The receivable credit line grows proportionately with your sales cycle and we can fund as little as $250,000 a month and up to $10 million for larger companies.
Experiencing cash flow shortages due to a slow turnover in accounts receivable.
Fast growing companies whose past earnings and sales histories will not justify traditional bank loan financing.
Start-up businesses with no financing base.
Principals with good or bad credit and cannot obtain traditional financing.
Have lost their line of credit due to covenant violations.
Need export receivable financing, credit protection or purchase order financing
Fast Approval. Easy set-up. Flexible Terms.
Receivable Factoring Rates as low as 0.69% – 4.9%
Optional Structured Rate at Prime Rate +2% & Admin Fee