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Press Release:1st Commercial Credit provides working capital for the biochemical technology industry

Published 5/15/2006

Why Choose Us? Accounts Receivable Financing is our Business
  • Financing Rates at 0.69% - 1.59%
  • No Financials - No monthly minimums - No invoice minimums
  • No facility fees - No audits - No up-front fees - No hidden fees
  • Set up account in 3 to 5 working days - 24 hr funding thereafter
  • Credit Lines starting at $5,000 & up to 10 million
  • Customer referrals upon your request
  • We Make Same Day Decisions
Over 15 years in business
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1st Commercial Credit has provided accounts receivable financing for a biochemical company that specializes in defining and delivering advanced chemical and biochemical technologies. These strategic technologies are employed in the design, discovery, delivery, and development of new drugs and are used by the major fortune 500 pharmaceutical companies during the manufacturing process.

According to Raul Esqueda, Founder and President of 1st Commercial Credit: “I am glad that CFO's and CEO's are starting to realize the simplicity of our receivable-based financing program. Here is a perfect example of a biochemical company (with years of research and development) with no historical revenues on their financial statements. Despite this fact, they still have access to an initial $2.5 million in accounts receivable financing to fuel their growth.”

1st Commercial Credit establishes accounts receivable credit lines based on the credit worthiness of their clients' customers. Accounts receivable financing is not a loan; instead, it is viewed as a purchase of the company's invoices. Clients are able to offer net 30-day terms to their customers and still obtain immediate cash as they generate invoices.

The working capital provided will increase, as needed, in order to sustain exponential growth. 1st Commercial Credit can provide receivable-based credit lines up to $10 million.

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Receivable Financing Rates

Starting At 0.69% - 1.59% Or Prime +2% & Admin Fee

  • Quick Approval Process!
  • No Financials up to $350k
  • Easy Set-Up in 3 to 5 Days
  • Over 15 years in business
Click Here for a Quote
1st Commercial Credit Provides Asset Based Lending, Purchase Order Financing and Factoring to all States: