1st Commercial Credit

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Over 18 Years in Business

Recent Transactions

invoice factoring for a invoice factoring for start up temp staffing company with 1 client

$100,000

Start Up Staffing Agency

invoice factoring for a small fleet trucking

$100,000

Small Fleet Trucking Company

Financial Services for Trucking Companies

Most industries require financing to meet operational expenses and pursue expansion, but inflexible bank loans are often not a good fit for the trucking industry. Whether you are a single owner operator or you own a large fleet, your financing needs vary considerably from other types of businesses. The ever-changing price of fuel and the seasonal variation to some of your runs are just two of the challenges unique to this line of work. 1st Commercial Credit understands the financial challenges of trucking companies. We offer freight factoring to all qualified applicants to help them get the working capital they need today to ensure business growth beyond tomorrow.

How Freight Factoring Works at 1st Commercial Credit

Like most trucking company owners, you probably have a stack of unpaid accounts receivable invoices that aren't doing you a whole lot of good. Sure, you will receive the money from your customers in 30 to 60 days, but that doesn't help you now. You have gas tanks to fill, paychecks to sign and a fleet of trucks that need maintenance. With an accounts receivable loan from 1st Commercial Credit, you don't have to scrimp on everyday operational costs or put off growing the business due to a lack of cash flow. Your company's unpaid invoices can work for your benefit as well as that of your customers. Our freight factoring company can forward you up to 90 percent of the value of your invoices almost immediately.

We Fund All Types of Trucking Industries

As long as your company can produce unpaid invoices from credit worthy customers, we can approve an instant accounts receivable loan. We work with all types of trucking businesses, including the following:

  • Long haul and heavy haul
  • Reefer
  • Intermodal
  • Freight brokers
  • Oilfield services
  • Auto transporters
  • Couriers
  • Owner operators
  • Dump truck haulers
  • Local delivery

Benefits of Freight Factoring with 1st Commercial Credit

Our accounts receivable financing offers your company the flexibility it needs to keep rigs on the road and attract new loads. If you can't provide new customers with open credit terms, the competition usually can. Your line of credit with us is only limited by your outstanding receivables. Other benefits include fuel card discounts, fuel advances and free credit checks on the customers you present for factoring. Once your initial factoring loan is approved, you have online access to your account information 24 hours a day.

Minimal Paperwork Requirements and Fast Turnaround

Your application and most of the required documentation can be submitted electronically. We accept scanned images of your company invoices. Once we have received all required information, we process the application and notify you the same day. When your customer pays the invoice in full, we forward you the remainder of the invoice value less our processing fee. It takes three to five business days for first-time applicants to receive their funds and only one business day for repeat customers.