1st Commercial Credit has reached a new funding milestone of over 233 small ticket purchase order financing transactions averaging $30,000.
Learn more about purchase order financing, trade payable financing and invoice factoring for your company.
Many clients utilize this type of funding for production finance, raw material, import tariffs, freight fees, in-transit containerized goods and payroll. The program does not offer sending deposits to suppliers, the container must be on the vessel before considering funding the inventory in-transit with preliminary inspection requirements.
Raul Esqueda, President of 1st Commercial Credit, says “I am very happy to see our new transactional funding program succeed and accommodate our existing factoring clients. We designed these financial instruments to be flexible and can be adjusted as needed in order to fit the best need for our customers. Many of our clients are in growth mode, and sometimes invoice factoring is not enough to keep the supply chain flowing.