1st Commercial Credit introduces Vendor Procurement Card - $10 Million Credit Limit
1st Commercial Credit can accommodate credit worthy Buyers with a new financial service that provides additional working capital to pay suppliers
AUSTIN, Texas, March 11, 2020 /PRNewswire/ -- Raul Esqueda, President of 1st Commercial Credit says: "Too many supply chain finance companies make this too complicated. We have 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. It's that simple!"
Up To $10 Million for Qualified Buyers. Initiate our easy to use payables platform and start making money today!
What are the qualifications needed?
- Buyers must be profitable
- USA and Canadian Based buyers only
- Minimum $3 million a month in revenue
- Must be credit insurable
- High trades history and current balances
- No need for subordinations from Bank
- All industries at this time qualify
- All vendors / suppliers qualify
- All international vendors / suppliers qualify
Schedule an Appointment to learn more about our Trade Payable Finance Program
Why Buyers Choose Our Trade Payable Platform
Buyers start using our money in 3 to 5 days.
- Credit availability up to $10 million
- Does not interfere with your lender
- No API or software integration required
- Free vendor portal & easy onboarding
- Pay suppliers that need faster payments
- Easier way to pay international suppliers
- Any vendor can be accepted
- No merchant network to join
- Eliminates the need for Letters of Credit
- Helps vital suppliers with cash flow
Use Our Money To Pay Suppliers
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.
- Keep your Bank Line of Credit in place
- Continue posting payables as you always do
- Select & Send us the invoices you want us to pay
- We pay your supplier minus a discount fee
- Pays us back with your standard terms
- Optional pay early & get a rebate, It's That Simple!
1st Commercial Credit is a factoring company that provides reverse factoring and supply chain financial solutions for business to business transactions. Call us today
SOURCE 1st Commercial Credit, LLC
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