1st Commercial Credit

About 1st Commercial Credit

1st Commercial Credit is a factoring company based in the USA and Canada, recognized as one of the largest independent providers of asset-based financial services for small to mid-sized businesses. They aim to help companies maintain sales growth by delivering funds when needed most, offering credit line facilities ranging from $10,000 to $10 million. Their mission is to provide flexible financing solutions like invoice factoring and supply chain finance to support businesses with immediate capital needs.

Products & Services

Accounts Receivable Financing:Converts sales on credit terms to immediate cash flow with a quick approval process and funding in 3-5 days.

Invoice Factoring:Funds unpaid invoices for businesses, providing flexible working capital without being structured as a loan.

Purchase Order Financing:Offers trade financing solutions for wholesalers, resellers, and importers to meet supply chain needs.

Asset Based Lending:Provides higher advance rates compared to banks for business financing.

Equipment Financing:Fast approvals for acquiring equipment for sellers and buyers.

Export-Import Financing:Supports exporters and importers with supply chain financing, including in-transit inventory finance and non-recourse factoring.

Fuel Card Program:Offers fuel cards accepted at 99% of stations nationwide for trucking companies.

Government Receivables:Helps contractors maintain cash flow with government contract financing.

Sales Ledger Credit Lines:Provides revolving access to credit lines up to $20 million.

Trade Payable Financing:Allows businesses to pay suppliers using the company's funds.

Specialties

Invoice Factoring Accounts Receivable Financing Purchase Order Financing Supply Chain Finance Export-Import Financing Asset Based Lending Equipment Financing

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Factoring T: - FT: Factoring	A: 10000000 MR: - FA: $10 million FAN: 10000000	D: 2023-12-12 FD: 2023-12-12	1 investors
2	RT: Loan T: - FT: Loan	A: 100000 MR: - FA: $100,000 FAN: 100000	D: 2023-07-21 FD: 2023-07-21	1 investors

Factoring Latest

2023-12-12

$10.0M

1 investor (Pro only)

Loan 2023-07-21

$100K

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

R

Raul Esqueda

Founder and President

L

Lewis Merrifield

Managing Partner

LinkedIn (Pro only)

P

Paulina Esqueda

Business Development Officer

LinkedIn (Pro only)

N

Norman Brame

National Sales Manager

L

Lewis Jr. Merrifield

Business Development Officer

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