1st Commercial Credit Launches Equipment Financing Program

1st Commercial Credit, a funding company that specializes in accounts receivable factoring and trade payable financing, introduced an equipment financing program with more than $1 billion in funding availability for various sized companies, credit score ranges and industries.

1st Commercial Credit will offer the program to clients looking to finance over-the-road and vocational trucks, manufacturing and material handling equipment, construction equipment and other assets that retain value.

"Equipment finance has always been a great alternative financial instrument for acquiring equipment without using your bank line or cash savings,” Raul Esqueda, president of 1st Commercial Credit, said. “Our primary equipment finance clients are capped out with their exiting lenders, have challenged credit or have financial stress due to growth in sales. We cover a very wide credit score range for approvals many vendors and dealerships would appreciate."

As part of the new program, 1st Commercial Credit has a new funding program for companies needing up to $75,000 in equipment finance for startups. According to the company, more than 60% of clients that come to 1st Commercial Credit for funding have been in business for less than one year.

1st Commercial Credit will not be accepting brokers in the equipment lease program at this time.