1st Commercial Credit Blog
Posted on April 13, 2019 in Press Releases
1st Commercial Credit believes in helping struggling children with additional help in literary skills to ensure our community strives with prosperous young adults.
Raul Esqueda, President of 1st Commercial Credit, LLC says “I grew up learning...
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...
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,...
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.
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,...
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...
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...
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....
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...
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...
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...
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...
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...
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...
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...