Small Fleet Trucking Company
Long Haul Trucking Company
18 Years In business & Over 3,200 Clients Funded
Available for Canadian Trucking Fleets
Have you exhausted your efforts at the bank?
If your trucking company is selling on credit terms and has unpaid invoices, 1st Commercial Credit can help you get funding in 3 to 5 working days.
Simple & Flexible Factoring for Small to Medium Size Trucking Fleets Get Your Funds in 3 to 5 Days
Your trucking company has unlimited growth limitations with our funding program. Your line of credit grows with your credit terms sales and can start a with as little as $10,000 to $10 Million in monthly sales.
We fund trucking companies with more eligibility on receivables than a traditional lender or bank, with 90% less paperwork. Get approved and setup in 3 to 5 working days. We do not underwrite like slow decision banks.
Trucking & Freight companies come to us due to our quick & flexible approval process, high credit limits, low rates, transparent fee structure, and free Trucking invoicing software that creates your funding schedule.
WE Lend more than the BANK and Make Same Day Decisions
Accounts Receivable Financing is our Business. 18+ years in business
Any Trucking Company can qualify for a receivables credit line if:
The Trucking Company hauls for credit worthy shippers or freight brokers and it has not pledged accounts receivable as collateral.
The more sales you generate, the larger your credit facility becomes.
We accept trucking companies with as little as $10,000 a month in sales to $10 Million.
The ultimate value in our funding programs is "Consistent Predictable Cash Flow". Your trucking company no longer has to wait for checks to come in and clear the bank to make payroll, pay fuel card accounts and taxes.
Same Day Decisions puts your company back on the road sooner
1st Commercial Credit is an accounts receivable finance company that specializes in advancing funds against the face value of your invoices sold on credit terms for delivered loads. Rate confirmation and Bill of Lading should be accompanied by your invoices. If you have invoices sold to a credit worthy accounts, that's 95% of the approval process. We have funded over 3,200 businesses just like yours and we are very confident in finding a solution for your funding needs.
We move very fast and when a business owner is in need of funding within a week to make payroll, lease payments, fuel accounts and pay taxes. Business owners with low credit scores are accepted in our underwriting process.
Selective Clients For Funding
We allow for you to pick and choose the shipper and freight brokers you wish to enroll for invoice financing. No need to send in all the customers you have for funding. We want you to use what you need when you need it, and as your business gross you can use more or you can stop if you are able to retain earnings.
Credit Analysis for Account Debtors
We are constantly monitoring credit in the portfolio to prevent losses in case a customer's payment trend begins to slip.
Free Invoicing Software
All clients are given the option to use our proprietary invoicing software that helps in creating the invoice, merges Bill of Lading and Rate Confirmation documentation and prepares the documents for funding. Saves up to 70% in time consolidating documentation for invoicing. Free app for drivers to upload documents with their cell phone and immediately available for submitting for funding.
Freight companies that are unable to achieve a sustainable cash flow are going to find it difficult to keep rigs on the road and meet customers' expectations. The shipping organizations with solid financial plans are the ones that have their cash flow issues figured out in advance. How can your freight company get the cash it needs without adding more debt to your bottom line? You need to get involved with an experienced freight factoring company that understands the challenges of your industry and has the flexible freight bill factoring plans that you need.
The vast array of financial services created by 1st Commercial Credit were developed to help freight companies. We have an Internet-based invoice approval process that allows us to determine the eligibility of an invoice in a matter of minutes.
The latest proprietary software developed for trucking companies provides fast invoicing and document merging solutions. This helps trucking companies submit their invoices for funding with 70% less time than with other lenders.
Receivable Financing Rates
Financing Rates at 0.69% to 1.59%