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Text Content

Company

HomeAbout Us
Locations

Austin Texas Office
Dallas Texas Office
Houston Texas Office
London United Kingdom
San Antonio Texas
Toronto Canada
Recent TransactionsVideos
Industries

Cable & Telecommunications
Construction Contractors
Distributors & Wholesalers
Manufacturers
Medical Providers
Oilfield
Produce Distributors PACA
Security Guard Companies
Service Providers
Staffing AgenciesTrucking Companies
Financial Services

Accounts Receivable Financing
Asset Based Lending
Government Receivables
Importers & Exporters
Invoice Factoring
Purchase Order Financing
Trade Payable Financing
Blog

Contact Us

General Contact FormConstruction FormEquipment FinancingPurchase Order Finance
Form
020 4532 2013
Request a quote
Apply Now


As Your Business Grows
We Deliver The FUNDS


CALL NOW 24/7
020 4532 2013
UK Invoice Factoring Company
1st Commercial Credit | UK
Over 3,200 clients funded
Receivable Factoring for London & UK Businesses
No up font fees to set up
No financial required
Funding in 3-5 days
REQUEST A QUOTE
Rates at
0.69% to 1.59%
We Lend MORE Than The Bank
1st Commercial Credit | UK
We Keep the Supply Chain Cash Flowing

Request a quote

Recent Transactions

$210,000

Valve Importer PO Funding

$100,000

Small Fleet Trucking Company

$350,000

Industrial Temporary Staffing Agency

$650,000

Invoice Factoring For Cyber Security Company






A FACTORING COMPANY FUNDING THE UNITED KINGDOM

Financing Rates at 0.69% to 1.59%
No Financials or Setup Fees

Customized Rates

Setup in 3 to 5 Days

Accounts Receivable Financing

Accounts Receivable Financing is used by businesses to convert sales on credit
terms for immediate cash flow. 1st Commercial Credit adopts a quick and simple
approval process and expedites initial funding in 3-5 days.

Learn more
Purchase Order FInancing

1st Commercial Credit offers a variety of purchase order financing solutions to
meet your trade financing needs. P.O. Funding is suitable for any wholesaler,
reseller, importer or any company that buys and resells goods.

Learn more
Trade Payable Financing

1st Commercial Credit offers credit facilities for buyers that need to extend
payment terms to suppliers. A platform designed for suppliers and buyers to
approve and pay invoices online with optional early payment discounts.

Learn more


IS YOUR COMPANY IN LONDON, UK GROWING FASTER THAN ITS CASH FLOW?

1st Commercial Credit funds UK-based businesses by offering ledger factoring
services. Additional cash flow solutions include purchase order financing and
trade payable finance.


One of the most frustrating situations as a business owner is watching business
opportunities pass by and being unable to take advantage of them because of a
cash flow shortage. For many growing businesses, the lack of working capital is
the main problem.  For business owners in London u looking to expand their
business or just keep it afloat, things can become challenging when there isn’t
sufficient cash to do so. The ability to take on new contracts can be hugely
affected when London businesses are forced to halt their operations because of a
lack of funds caused by slow-paying customers. This situation is incredibly
frustrating when a business has assets and outstanding receivables (unpaid
invoices) that cannot be cashed in until customers pay. If this situation is
affecting your business growth and daily operations, invoice factoring, and
other financial services offered by 1st Commercial Credit could be the financial
solution you need.

‍

With 1st Commercial Credit, the initial funding process takes 3-5 business days
or less after receiving a signed agreement. After that, you can send the
selected invoices to be verified and immediately funded. After the initial
funding, your company can receive funds within 24 hours in the future after
invoice verification.


Most Popular Industries We Fund in the UK
Staffing Agencies
More Details
Trucking Companies
More Details
Construction Contrator
More Details
Distributors & Wholesalers
More Details
Manufacturers
More Details
Medical Providers
More Details
Produce Distributors PACA
More Details
Security Guard Companies
More Details

Cash flow lenders in London have a quicker and more efficient approval process.
The main requirements are that a company has creditworthy customers and invoices
for orders that have already been completed.

‍

1st Commercial Credit is an experienced company that factors invoices for
businesses in London with cash flow needs. Accounts receivable factoring is the
ideal solution for obtaining fast cash. For short-term needs, when money is
tight, it is preferable to avoid traditional bank loans. Our factoring loans
have helped many companies avoid financial problems, such as not being able to
fund payroll. Accounts receivable factoring is an accessible and reliable
alternative to conventional lending. Business owners in London must understand
the benefits and the costs of factoring to make an informed decision that will
be best for their business. 





HOW MUCH DOES IT COST TO FACTOR RECEIVABLES? 


The fees associated with invoice factoring are calculated and based on the
following factors:


 * The volume of the receivables a company wants to factor
 * The size of each invoice 
 * The type of industry
 * The creditworthiness of your customers
 * The length of time your customers take to pay
   

Request A Callback Today!
Receivable Financing Rates
From 0.69% to 1.59%

◽️
Quick Approval Process!

◽️
Easy Set-Up in 3 to 5 Days.

◽️
No Financials up to $350k.

◽️
Over 18 years in business.

Schedule A Callback


Our Advance Rates


When a company uses our factoring services, it will typically receive a
considerable percentage of the total invoice amount in advance. The remainder is
given once your customers pay the invoice in full. Factoring advance rates
usually vary depending on the type of industry—industries involving a higher
risk for the factor that can expect rates between 60% and 80%. Cash advance
percentages for businesses with less risk can range anywhere from 80% to over
90%.




If you don’t solve the persistent cash flow issues within your business, your
business will end up missing out on many precious opportunities. Eventually,
your business in London will run out of money for expenses and growth
opportunities. As a business owner, you will need to consider what would be more
costly at the end of the day.


WHAT IS A FACTORING COMPANY?


A factoring company (or accounts receivable factoring) converts invoices sold on
credit terms to immediate working capital at a discount. It has become a simple,
fast and easy way to access business cash flow. In comparison with a traditional
bank loan, a company that factors receivables has a quicker approval process.


1st Commercial Credit is a factoring company that specializes in evaluating
accounts receivable and can make a prompt approval decision. The documentation
requirements are not as lengthy, and the main requirement is that an applicant
has invoices for work or orders that have already been satisfied. It also helps
to have creditworthy customers. As long as a business has been in operation,
meets revenue requirements, and is free of liens or legal issues, approval is
likelier.


Request A Quote

What Is Included With Factoring? 


The cost of factoring receivables  allows immediate access to cash, but
factoring offers some valuable extra benefits, including:




Administrative Support: 1st Commercial Credit will run back-office support at no
extra charge. We also offer background and credit checks for potential clients,
collection calls on your behalf, and offer 24/7 online reporting.



The Path To A Better Credit: factoring invoices is nothing like a traditional
loan, which means it will not add debt to your business balance sheet. On top of
that, businesses with low, bad, or not yet established credit can still qualify
and use factoring to pay for expenses and obtain a stronger credit score.

‍

Financial Flexibility: invoice factoring will give you immediate access to the
cash your business needs whenever it needs it. Also, your funding potential is
only limited by your sales and can grow as your company grows.

request a quote




NEED A UK BASED FACTORING COMPANY?

If you are looking to enhance your cash flow through a quick conversion of your
receivables or if your customers (debtors) are slow in making their payments,
factoring or invoice discounting is the ideal solution for you. Similarly, if
your business is growing rapidly and needs more funds, these financing options
can provide extra funds over your bank overdrafts.


NEED FUNDING FOR YOUR COMPANY IN LONDON, UK?

Type Of Finances*Accounts Receivable FinancePurchase Order FinanceAsset Based
LendingOther
Company Name*
United Kingdom CitySan AntonioAustinDallasHoustonLondonToronto
Business Phone
Email*
Contact Name*
Average Monthly Sales*
Please Describe Your Business:

Thank you! Your submission has been received!

A member from our team will respond to you shortly.
Oops! Something went wrong while submitting the form.




WHAT IS INVOICE DISCOUNTING AND FACTORING?

Factoring is a method used by businesses to convert sales on credit terms for
immediate cash flow.

Factoring helps a business release the money tied up in their sales ledger to
fund their business growth and meet daily financial obligations. When your
business benefits from a factoring facility, you are not only selling your
outstanding invoices to this provider but also permitting him to administer your
sales ledger. Through this built-in flexible credit management facility, the
factoring provider takes responsibility for sending periodic account statements
to your debtors and chasing the outstanding dues. You can choose to opt for
either option, recourse or non-recourse. In the former, you would assume the
risk of your customer non-payment, while in the case of non-recourse factoring,
the factoring provider would assume such risk, subject to certain criteria.

‍

INVOICE DISCOUNTING IS AVAILABLE IN DAYS, NOT WEEKS.

It has been estimated that in the UK, late payments by customers are costing the
businesses several billions of pounds each year. Keeping customers in mind, at
1st Commercial Credit, we make factoring and invoice discounting easy to obtain
with minimal paperwork. We normally advance 85% of the value of approved
invoices, which is more than what the traditional overdraft facility would fetch
for you. Our decisions are not based on financials, tax returns, or collateral.
We make our decisions primarily on the invoicing process and credit strength of
the account debtor (buyer). We specialize in evaluating and providing factoring
or invoice discounting in less than a week. We adopt a simple approval process
and can expedite initial funding in 3 to 5 working days. Our clients can avail
the benefits of our prompt service and begin to use their funds within days of
completing an application.

Watch Video
Apply Now
CALL NOW
020 4532 2013
Call Now 1 (800) 876 6071Request a quote

THE HIDDEN COLLATERAL: YOUR ACCOUNTS RECEIVABLE

Businesses that sell on credit terms have a hidden asset that most owners do not
realize can be used for collateral.

1st Commercial Credit specializes in collateralizing and financing accounts
receivable. The receivables are pledged as collateral and the business may draw
cash against the eligible accounts receivable at any time. Factoring and invoice
discounting are not loans, so there is no need to make payments or create debt
for your business. For an additional cost, you can protect yourself from the
impact of customer (debtor) insolvency or non-payment of invoices.




BUSINESS QUALIFICATIONS FOR FACTORING AND INVOICE DISCOUNTING

We don’t insist on any detailed business plan. Ideally, factoring would be most
suited for  companies that are in the growing business or start-up categories,
while invoice discounting would be suitable for large companies having sound
credit controls in place. Factoring would also work great  for companies even
with a small turnover of say GBP 50,000 per annum, while invoice discounting
would be ideal for businesses having large turnover of say GBP 250,000 per annum
with a spread of debtors. Hence, we would be requiring some basic information
such as your industry category, the number of customers (debtors) and their
outstanding balances, and your projected turnover for the current year.

request a quote


WHICH INDUSTRIES QUALIFY FOR FACTORING AND INVOICE DISCOUNTING?

Any business can qualify for factoring and invoice discounting if it sells goods
or services on normal credit terms, with no stage payments

Every industry is evaluated differently because no industry invoices utilizing
the same method. As a rule of thumb, your business must sell to a customer
(debtor) having good caliber. Most of the industries such as wholesalers,
manufacturers, temporary staff agencies, and providers of business services are
suitable for factoring and invoice discounting.




Factoring and invoice discounting may not be suitable for retailers and
businesses that depend on long-term service contracts or those following stage
payments as payment norms. Ideally, if the invoices have been raised on credit
terms in arrears of the goods or service delivery and agreed as payable by the
debtors, they are eligible for factoring or invoice discounting facility.

‍

Many times, most small and medium-sized businesses (SMBs) cannot offer shorter
payment credit terms for many different reasons. One of the biggest reasons is
that customers are typically used to having longer payment terms and if your
business cannot offer them that, they will most likely find someone else who can
(your competition). Clients like to be able to have longer terms also because
they have expenses of their own, and paying early would mean they might not be
able to make payroll on time or cover their costs. In addition, having longer
payback periods in some industries is also a way of getting the best deals and
discounts. When businesses realize this, they will look into offering longer
credit terms to customers. Thankfully, factoring can help make that possible.

‍

When businesses in London use invoice factoring, they quickly realize how
flexible, fast, and easy it is and how much support it offers. This is why
factoring has gained huge popularity among business owners in London. SMBs who
constantly need a healthy cash flow to sustain operations and growth have
embraced invoice factoring.


request a quote
Receivable Financing Rates at 0.69% to 1.59%

18 Years In business & Over 3,200 Clients Funded

Fast Approval Process.

No Financials Required.

3 to 5 Day Initial Setup.

No Up Front Fees to Set up.

Low Credit Score Accepted.

Free Invoicing Software

Request A QuoteCall Now 24/7
1 (800) 876-6071

If your business has recently been established, it might not be feasible to wait
around for payments to come through before expanding operations and taking
advantage of new market opportunities. It’s also typical for smaller and newer
companies to encounter unexpected expenses and events that can drain their cash
reserve. Invoice factoring gives businesses a chance to save valuable time and
take on unexpected opportunities that require cash in hand today. 1st Commercial
Credit lends money to staffing agencies to solve the payroll issues, in addition
to the costs of sourcing, recruitment, and hiring. Staffing businesses will
often have to wait for their customers to pay before having sufficient cash to
fund their payroll obligations, putting them in a challenging situation
financially. We provide quick financial solutions to help businesses fulfill
their financial responsibilities, fund growth, and pay their bills on time.




1st Commercial Credit has more than 18 years working with different types of
businesses serving various industries. For example, we have extensive experience
offering manufacturing invoice factoring and can evaluate your business
situation right away and provide options.




1st Commercial Credit provides factoring for trucking companies. Other
industries working with us include:


 * Manufacturing 
 * Construction
 * Distributors and Wholesalers 
 * Staffing firms
 * Healthcare agencies
 * International trade 
   

And many more!




WHAT DOES AN EFFICIENT SALES LEDGER THROUGH INVOICE DISCOUNTING OFFER?

The list of things that your company can accomplish with a consistent and
reliable cash flow is impressive. For one thing, you would be able to meet your
payroll obligations without having to take out an interest-bearing loan from a
bank. Your payroll payments would be done with your existing cash and would
cease to become long-term debt. Just the ability to meet payroll alone without
utilising anybank funding goes a long way towards reducing your company’s debt
and freeing up working capital for so many other projects.


request a quote


When you improve the efficiency of your sales ledger through invoice
discounting, you can pay your vendors on time and improve your company’s credit
profile. A strong cash flow means that you will have the funds you need on hand
to finance a new product launch or expand your staff without requiring a
commercial lender. You can plan the growth of your company knowing that you will
only need a commercial lender for truly large projects. Your company can fund
the smaller activities on its own, which means that you will not be taking on a
steady stream of debt as your company grows.




ECONOMY OF LONDON

The London economy is driven mainly by professional, scientific, technical
services, finance, insurance, information, and communication sectors. Employment
in these three sectors is concentrated in inner London. While concentrated
centrally, there are also smaller areas of economic activity in these
specialized services in neighboring regions and other parts of the city. London
also draws in workers, tourists, and other visitors, and the central London
areas support jobs in food, accommodation, arts, entertainment, and retail
services. Outside this main economic activity, many jobs in the outer London
areas are primarily found in sectors serving the local population.




Across outer London, for example, almost one in four employee jobs are in the
education and healthcare sectors, and another large proportion of jobs here are
in business administration, support services, and retail services. In certain
parts of London’s outer reaches to the East and West, jobs are also more likely
to be in what may be considered relatively land-intensive or industrial sectors,
such as wholesale, transport and storage, manufacturing, and utilities. There
are also many jobs in the transport and storage sector around Heathrow Airport
and along the M4 corridor in Hillingdon and neighboring settlements in Hounslow.
There are also a relatively high number of jobs in Information and communication
and professional, scientific, and technical activities around the Heathrow area.

‍

UNITED KINGDOM OFFICE

1 Kings Street
London EC2V 8AU
Email: United Kingdom Office
Call: 44 (20) 453 22013
Directions: Google Maps →



1st Commercial Credit is a company factoring receivables for Texas and various
cities including:


Austin Texas Office
Dallas Texas Office
Houston Texas Office
San Antonio Texas
Request a quote

Or Call Us:
1 (800) 876 6071

About Us

Financial Services
Accounts Receivable Financing

Asset Based Lending

Government Receivables

Importers & Exporters

Invoice Factoring

Purchase Order Financing

Trade Payable Financing

Industries
Cable & Telecommunications
Construction Contractors
Distributors & Wholesalers
Manufacturers
Medical Providers
Oilfield
Produce Distributors PACA
Security Guard Companies
Service Providers

Staffing Agencies
Trucking Companies
Company Info
About Us

Contact

Blog

Location

Recent Transactions

Videos

Terms And Conditions

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USA Location - 6500 River Place Blvd, Building 7, Suite 250, Austin TX 78730