1st Commercial Credit surpassed $20 million in purchase order funding transactions. This accomplishment underscores the company’s dedication to providing adaptable financial solutions to support its clients.
“I am delighted by the success of our transactional funding program, specifically tailored for our existing factoring clients,” Raul Esqueda, president of 1st Commercial Credit, said. “Our financial instruments were meticulously designed with adaptability in mind, allowing us to customize them to meet our customers’ needs effectively. The In-Transit Inventory Finance program, particularly favored by importers, offers funding to sustain supplier payments for subsequent orders. A significant portion of our clients is currently experiencing growth, and traditional invoice factoring may not adequately address their evolving supply chain requirements. In 2023, our typical funded transaction averaged $143k, with nearly 30% designated for covering importation fees and containerized freight charges.”
