1st Commercial Credit

We Offer Supply Chain Finance Solutions

Over 18 Years in Business

Recent Transactions

invoice factoring for a invoice factoring for security alarm and camera installer

$500,000

Security Alarm Installer

invoice factoring for a accounts receivable funding for travel nurse staffing agency

$2 Million

Travel Nurse Staffing

$1.2 Million PACA Factoring Facility | Food Distributor

Food Distributor Financing
Learn more how a food distributor funds its suppliers with factored proceeds. A banker found 1st Commercial Credit and introduced a client that they were not able to help. PACA related receivables are more challenging for distributors to finance as it involves supplier lien rights to the receivables if they are not paid.

1st Commercial Credit has funded a food distributor that was introduced by their banker. The client is a supplier to a USDA prime contractor for essential food supplies.

The bank realized it was going to be more than what they could approve and due to the industry involving PACA related receivables, they decided to call 1st Commercial Credit to help the client.

The food sales involve a variety of dairy products, produce and poultry. The client needed a fast approval process and due to 1st Commercial Credit’s quick funding process, the client was able to obtain future contractual obligations that will triple sales through September of 2021. The factoring facility will increase as needed to a projected $4 million by middle of next year.

1st Commercial Credit has been factoring receivables more into the food supply chain industry and here is a perfect example of a PACA receivables transaction that was a better fit with invoice and supply chain financing rather than traditional bank financing.