Equipment leasing can sometimes be a bit more expensive than purchasing equipment. As with any financing agreement, you pay interests and fees which are added to the monthly payments. ![]() With an equipment lease, the equipment is not yours to keep once the leasing term is completed. In that case, you own the equipment once you pay off the loan. This loan uses the equipment as collateral and is paid off over a fixed term. Equipment leasing is different from equipment financing, which is getting a business loan to buy the needed equipment. This equipment is leased for an agreed period, and the business owner has the flexibility to either return the equipment, renew the lease or buy it. Business owners can lease expensive equipment such as vehicles, machinery, computers, and other tools needed to run a successful operation. We provide a complete line of invoice factoring services to Miami businesses, including inventory finance, purchase order financing, supply chain finance, international trade finance, short-term future receivable funding, and other related financial services.Įquipment Leasing Provides Many Different Leasing Programs In MiamiĮquipment leasing involves renting the equipment rather than purchasing it outright. 1st Commercial Credit is one of the largest independent providers of asset-based financial services for small to mid-sized businesses. We factor invoices and fund trucking companies, distribution companies, staffing agencies, healthcare, manufacturing companies, and agriculture companies in Miami, Florida. Using your pending invoices and exchanging them for capital is an immediate and effective financial solution.ġst Commercial Credit can provide working capital and financing for all businesses in Miami. No debt is incurred, and businesses don't need to wait long periods for payments. Invoice factoring is an optimal financial solution for companies to improve cash flow and increase growth opportunities. Industries That 1st Commercial Credit Finances And How It Benefits Them If you are searching for factoring companies in Florida, 1st Commercial Credit provides invoice factoring services, and accounts receivable lending through the city of Miami and Floridian cities. We provide fast funding, flexible approvals even if the owner has bad credit, affordable rates, and other financial solutions that help grow companies. Our receivable factoring services allow our customers to offer credit terms to customers without running into cash flow shortages. We will leverage your unpaid invoices at a discount and give you immediate cash so you can continue with your business operations, make payroll and pay suppliers. Is your business experiencing rapid growth? Is it challenging to keep up with payments to crucial suppliers, and has it become challenging to offer credit terms to clients because of slow-paying customers and cash flow issues? 1st Commercial Credit might be your financial solution. We offer invoice factoring services, asset-based lending, and other financial solutions for companies in Miami.ĭoes Your Miami, Florida (FL) Company Need Fast Funding With Accounts Receivable Factoring? Turning to a factoring company, like 1st Commercial Credit is the better option.ġst Commercial Credit has experience financing small and medium-sized businesses in the Miami area. Turning to the bank for a bank loan might not be the most feasible option for your Miami business but turning down business because of a lack of cash flow is not an option. This situation can sometimes come with having invoices paid in 30, 60, or 90+ days which can turn into a cash flow issue if the operations of your business need to continue while waiting for these invoices.īusinesses experiencing rapid growth will face this problem at some point, and it is important to know which financing options are out there. ![]() To stay on top and ahead of the competition, it is crucial that your business can offer the best to clients this includes good credit terms. Miami is an excellent location for businesses to establish, but that also means there is plenty of competition around for all industries. Miami Businesses Can Benefit From Invoice Factoring
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