First Community Financial is the asset-based lending division of Pacific Western Bank, a financially strong commercial bank headquartered in Los Angeles, California with over $5.0 billion in assets. First Community Financial provides lines of credit, term loans and factoring services in the Western United States. The collateral for our lending services is a company’s accounts receivable and inventory. Our organizational structure allows us to be more accessible and responsive to our customers and referral sources. Our experienced professionals take the time to understand your business and deliver creative solutions to meet your credit needs. As part of our value proposition, we give the customer direct access to decision makers. This enables the customer to receive decisive and timely feedback, something that is uncommon in today’s lending environment.
The characteristics of typical borrowers include:
• Financing needs from $100,000 to $10,000,000
• Sales growth opportunities
• Quality accounts receivable and inventory
• Strong management/ownership
• Adequate accounting controls and procedures
• Evidence of a turnaround in the business operations
