1st Commercial Credit Surpasses $7MM in Small-Ticket PO Financing Transactions

1st Commercial Credit reached a new funding milestone, surpassing $7 million in small-ticket purchasing order financing across more than 233 transactions averaging $30,000.

"I am very happy to see our new transactional funding program succeed and accommodate our existing factoring clients,” Raul Esqueda, president of 1st Commercial Credit, said. “We designed these financial instruments to be flexible and can be adjusted as needed in order to fit the best need for our customers. Many of our clients are in growth mode, and sometimes invoice factoring is not enough to keep the supply chain flowing. We created a hybrid program between inventory and purchase order finance, whereas traditional PO financing does not work. Some of our clients are ordering product prior to receiving a purchase order based on inventory turns. In this scenario, traditional PO financing does not qualify because there is no purchase order to pledge."