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1st Commercial Credit Blog

The Best Ways to Finance Your Start-Up Business

Posted on August 15, 2018 in Business Tips

Most people who start a new business use personal credit cards, personal savings and family loans for initial financing. However, not all entrepreneurs have the means to self-fund a business, so they may consider a bank business loan to access...

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Companies Can Turn Their Assets into Flexible Credit with Asset-Based Lending

Posted on August 15, 2018 in Asset Based Finance

Asset based lending solutions has become the go-to funding solution for managing operational expenses. This source for lending can also effectively solve cash flow difficulties. By using accounts receivable, materials and products as collateral,...

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Are You Embarrassed to Ask Your Client for a Credit Application?

Posted on June 29, 2018 in Business Tips

There is nothing to be embarrassed about asking for trade references on a business that is requesting credit from your company. It is a normal practice in business and most companies already have prepared a company credit app for suppliers.

Coming...

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Is Your Medical Device Company seeking additional working capital?

Posted on June 19, 2018 in Factoring

In today’s medical industry, there is so much upfront research and development cost that by the time the orders from customers start to occur, the company is out of working capital to deliver the goods.

From device manufacturers to distributors,...

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Tax lien Financing with Invoice Factoring Services

Posted on June 08, 2018 in IRS Internal Revenue Service

1st Commercial Credit introduces a new funding program for very specific industries and clients.

We have been able to accomplish funding clients with tax liens under certain conditions. Most factoring companies wait until an IRS subordination is in...

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Can my business get funding while I have a tax lien?

Posted on May 01, 2018 in IRS Internal Revenue Service

It is a wonderful feeling in having a business that thrives, and ultimately reaching the outbound areas of growth that you never imagined. However, with business growth comes a financial burden and more taxes to pay to all entities. There is saying...

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How Factoring Benefits Reefer Haulers

Posted on February 01, 2018 in Transportation

Reefer haulers are responsible for carrying perishable goods, and time is of the essence in this type of transportation. If they do not transport the goods on time, it can cause problems with food contamination and a disputed freight bill....

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Preparing an Application for Purchase Order Financing

Posted on January 25, 2018 in Purchase Order Finance

Purchase Order Financing has been around for a long time. This usually involves several parties in the transaction and there are many variables in the underwriting process to consider. The mechanics of funding the transaction may vary by industry...

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How to Evaluate Factoring Companies for your Small Business

Posted on January 04, 2018 in Factoring

Have you been searching for a way to get a short-term loan for your business without using a bank? Many businesses find long-term debt financing to be ineffective compared to a short-term loan. Sometimes called a micro-loan, the lending institution...

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How The Freight Broker Business is Evolving

Posted on January 03, 2018 in Transportation

The freight broker business is evolving into an industry that has experienced tremendous growth. With this growth, has developed the need to train new agents and prospect new accounts. More loads are being moved and more money is being made in this...

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How Can I Make Sure My Business Gets Paid On An Invoice billed on Credit Terms?

Posted on January 02, 2018 in Business Tips

As a business owner, billing on credit terms means you are now financing your customers as if you were a credit card company, an unsecured vendor of record. The moment you decide to offer credit terms to customers will be the day your business will...

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What is the Real Cost of Invoice Factoring?

Posted on November 15, 2017 in Factoring

The simple answer is you are giving up between 1% to 4% of the invoice value depending on many variables. Think of it as an early payment discount you would offer a customer (account debtor) if they paid their invoice within 24 hours or the same...

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Invoice Factoring for Amazon Seller Central Vendors has become easier using MyBizPad®

Posted on October 10, 2017 in Press Releases

If you are an active distributor / fulfillment center for Amazon and are going through countless hours creating invoices for your factoring company that requires invoices to get funded then you need to order the MyBizPad® Amazon Software package...

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Choosing the best factoring company for your trucking business

Posted on October 02, 2017 in Transportation

There are so many factoring companies offering financial services for trucking companies that is has made it more difficult to determine what attributes you should consider when it comes time to select a factoring company for your trucking... read on

1st Commercial Credit aired on Bloomberg and Fox Business News discussing Factoring Companies

Posted on March 05, 2015 in Press Releases

Jackie Bales with Corporate Review and 1st Commercial Credit's President Raul Esqueda, discuss cash flow solutions provided by factoring companies in an episode that appeared on February 7th and 8th of 2015 in various markets broadcasted by...

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