1st Commercial Credit

We Offer Supply Chain Finance Solutions

Over 18 Years in Business

Recent Transactions

invoice factoring for a merger & acquisition finance for metal fabricator

$750,000

Metal Fabricator Acquisition

invoice factoring for a receivable finance for a cell phone tower construction company

$350,000

Cell Phone Tower Company

1st Commercial Credit Expands Produce & livestock Receivables Finance Program

farmers and agriculture produce distributors
Learn how distributors and importers in the produce industry, including livestock farmers are able to finance invoices sold on credit terms.

We have seen an increase in demand for invoice factoring transactions that involve the Perishable Agricultural Commodities Act (PACA) and the Packers & Stockyard Act (P&S Act). 1st Commercial Credit will be modifying its parameters in order to accommodate small to mid-sized entities with minimal monthly revenues of $50,000 a month.

It is a challenging task to monitor agriculture and livestock related receivables, whereas some of our clients pay cash on delivery for their produce/livestock and others buy on credit terms. Any factoring company financing this type of receivable can be put at high risk if the client doesn’t pay its suppliers.

There are several type of clients that vary from growers, growers that buy from other growers to fulfil orders, livestock farmers, importers and distributors. Regardless of the transaction, the supply chain must be monitored and payments satisfied.

Typical Parameters:

  • Minimum 1 year in business
  • Recurring business at least every other week
  • No spot factoring, must need continues factoring services
  • Must maintain a current payables aging report
  • Supply Chain List of vendors
  • Credit worthy Buyers
  • PACA registered (Agriculture)
  • No MCA loans
  • $50,000 a month minimum in revenue.
  • Must be profitable

More information about factoring produce receivables