1st Commercial Credit

1st Commercial Credit is a factoring company that finances business receivables. Businesses sell their invoices to turn credit sales into working cash, in a structure the firm describes as a sale agreement rather than a loan. It says it has operated for over 20 years and funded more than 3,800 clients.

What 1st Commercial Credit offers

• Invoice factoring: advances against unpaid invoices for firms in almost any industry.
• Purchase order financing: for wholesalers, resellers, importers and others who buy and resell goods.
• Supply chain finance: in-transit inventory finance, credit insurance, cargo insurance and non-recourse factoring for exporters and importers with US buyers.
• Trade payables platform: suppliers and buyers approve and pay invoices online, with optional early payment discounts.
• Short-term cash advances: against future orders once an account is running.

Who it works with

Small and large companies, with staffing, security guard, manufacturing, distribution and wholesale businesses named as popular industries. IT staffing and cyber security firms also appear.

Key facts

• Experience: over 20 years
• Clients funded: more than 3,800
• Account set-up: three to five working days