1st Commercial Credit Offers New Freight Factoring Products for the Transportation Industry

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Depending on their monthly sales volume, freight and transportation companies can now access one of three new financial offerings to fund their needs.

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1st Commercial Credit, LLC announces three new product offerings: FreightBill Cash (SM), InterGlobeCarrier (SM) Factoring Credit Lines and InterGlobeCarrier (SM) Asset-Based Receivable Credit Lines.

FreightBill Cash (SM) is an affordable factoring service designed to accommodate one-truck owner-operators or small fleets with a monthly sales volume of $50,000 or less. Unlike some freight factoring companies, this factoring service is available to carriers who wish to factor their freight broker and shipper accounts. Credit analysis is available for both shippers and freight brokers and can usually establish credit approvals within a few minutes. This product offers a 90% to 95% advance with a 3% to 4% factoring rate. (Subject to type of trucking industry and days outstanding)

InterGlobeCarrier (SM) Factoring Credit Lines is a factoring finance product for medium-to-large transportation fleets. It is available for fleet companies that are located in the USA, Canada, Australia, United Kingdom and the European Union. This product offers the lowest factoring rates and highest advances in the freight and transportation industry for those companies that have sales from $50,000 to $2.5 million per month. This factoring product can be funded within 3 to 5 business days (upon approval of a completed application package).

InterGlobeCarrier (SM) Asset-Based Receivable Credit Lines is a financial product that provides non-notification (confidential) receivable-based financing for transportation and freight companies with sales from $2.5 to $12.0 million per month. This financial product requires a history of at least three years in business, a healthy financial statement and substantial equity within the company.

According to Raul Esqueda, (founder and president of 1st Commercial Credit): "FreightBill Cash (SM) and InterGlobeCarrier (SM) financial factoring solutions will be our flagship trade names for transportation factoring worldwide. These products will offer the latest technology, flexibility and quick set-up approvals. 1st Commercial Credit has access to over $2.5 billion in working capital (made available through our affiliate-funding partners located worldwide). Clients can now save a substantial amount of fees due to the competitiveness of our factoring rates."

All financial products offer receivable funding to major transportation industries (including, long-haul truck-load freight companies, intermodal drayage transport, containerized freight, freight-forwarding, local delivery and air freight).

InterGlobeCarrier (SM) Factoring Finance, FreightBill Cash (SM) and 1st Commercial Credit (SM) are trademarks of 1st Commercial Credit, LLC.

To learn more, visit: http://www.1stCommercialCredit.com

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Raul Esqueda
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