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

News provided by

1st Commercial Credit, LLC

Mar 11, 2020, 07:05 ET

AUSTIN, Texas, March 11, 2020 /PRNewswire/ -- Raul Esqueda, President of 1^st 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!

1^st 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