Oil Field Hauler
Valve Importer PO funding
1st Commercial Credit can accommodate credit worthy Buyers with a new financial service that provides additional working capital to pay suppliers. Up To $10 Million Credit Limit - $100k Minimum Spend.
Schedule Appointment to learn more about our Trade Payable Finance Program
You can immediately free up liquidity by using our funds alongside your bank line of credit.
Take advantage of early payment discounts offered by vital suppliers or extend payment terms. Your company can access up to $10 million in purchasing power within 3 working days. Maximize your bottom line by saving on early payment discounts. In summary, we pay your company to make money by using our services.
Start using our money in 3 to 5 days.
Are you passing up on early payment discounts to suppliers? Why? Take advantage of our trade payable program and earn cash back rebates using our payables platform.
Buyers can easily sign on with minimal paperwork within 3 to 5 days. Avoid the laundry list of items required by other lenders to setup.
Too many supply chain finance companies make this too complicated. We made it a simple process to apply with a 2 page application for buyers to set up. Once we set up the account, the buyer then provides us with the vendors and invoices they want to pay and we pay the suppliers. Its that simple!.
1st Commercial Credit is not the first company to offer this type of service, however we believe we have the most user friendly system out there with the highest buyer rebates.
Vendor payment programs are here to stay and the concept is growing as more buyers are learning about the early payment discount profit center.
Besides the basic understanding of buyers now having more access to money and are eagerly chasing down early payment discounts, what are the other issues and concerns that are driving buyers away from the factoring industry.
Its all about ease of use, short setup cycle and 100% vendor approval without waiting on a network to process documentation.
There are many trade payable finance companies in the market to choose from. The reality is buyers need an easy process to apply, easy method to approve vendors, and a fast and flexible system for the internal staff to learn the process. If the system is too difficult for the accounts payable department to track and pay suppliers with additional work and multiple processes, it will fail. If the system requires a 50+ page document for the suppliers to sign up for the program, it will fail. The main focus is to maintain very few steps for the supplier to submit an invoice and the payables department to approve, authorize to pay and track.
If the system is too complicated, or the buyer has to hire and payout an IT company to setup API integration in order to communicate with the trade payable service provider. These obstacles should not exist and will discourage buyers from continuing the implementation process the leads to a complete halt.
1st Commercial Credit makes it very simple with no software cost or integration needed.