1st Commercial Credit provided more than $1.2 million in accounts receivable factoring for two medical device companies.
The companies needed financing due to longer than expected collections from hospitals, as the process from device delivery to implantation in the patient to final payment can be lengthy.
1st Commercial Credit is a factoring company that has provided more than 15 years of service and more thn $4 billion in accounts receivable factoring to manufacturers in multiple industries.
