# 1st Commercial Credit

> 1st Commercial Credit, LLC is a factoring and receivables-based finance company headquartered in Austin, Texas, founded in 2002 by Raul Esqueda. It provides invoice factoring, accounts receivable financing, purchase order financing, trade payable financing, asset-based lending and payroll funding to B2B companies across the United States, with factoring rates from 0.69% to 1.59% and facilities from $10,000 to $10 million per month.

Key facts:

- Legal name: 1st Commercial Credit, LLC
- Founded: 2002 (Austin, Texas), by Raul Esqueda, Founder and President
- Headquarters: 6500 River Place Blvd, Building 7, Suite 250, Austin, TX 78730, USA
- Phone: +1 (800) 876-6071
- Email: raul@1stcommercialcredit.com
- Clients funded: 3,800+; total funded: $5B+
- Service area: all 50 U.S. states, plus Canada and the UK
- Factoring rates: 0.69% to 1.59%, depending on industry, invoice size, sales volume, debtor credit quality and how long invoices stay unpaid
- Facility size: from $10,000 to $10 million per month; sales ledger lines of credit up to $20 million
- Speed: account setup in 3 to 5 business days; funding within 24 hours of approval
- Terms: no monthly minimums, no up-front setup fees, no facility fees, no audit fees
- Approval is based mainly on the creditworthiness of the client's customers (debtors), not the client's own financials or credit score
- Memberships: American Staffing Association (ASA), Staffing Industry Analysts (SIA), Secured Finance Network
- Factoring is the sale of receivables, not a loan, so it does not add debt to the balance sheet

## Financing services

- [Invoice Factoring](https://www.1stcommercialcredit.com/financial-services/invoice-factoring): Selling unpaid B2B invoices for an immediate cash advance, with the balance paid when the customer pays
- [Accounts Receivable Financing](https://www.1stcommercialcredit.com/financial-services/accounts-receivable-financing): Working capital lines secured by accounts receivable
- [Purchase Order Financing](https://www.1stcommercialcredit.com/financial-services/purchase-order-financing): Funding to pay suppliers so confirmed customer orders can be fulfilled
- [Trade Payable Financing](https://www.1stcommercialcredit.com/financial-services/trade-payable-financing): Supply chain finance that pays suppliers early while buyers get extended terms
- [Asset-Based Lending](https://www.1stcommercialcredit.com/financial-services/asset-based-lending): Business credit lines secured by receivables, inventory and other assets
- [Sales Ledger Lines of Credit](https://www.1stcommercialcredit.com/financial-services/sales-lender-credit-lines): Revolving receivables-based credit lines of up to $20 million
- [Export & Import Financing](https://www.1stcommercialcredit.com/financial-services/export-import-finance-factoring): Factoring and trade finance for importers and exporters
- [Government Receivables Financing](https://www.1stcommercialcredit.com/financial-services/government-receivables): Factoring for federal, state and municipal contractors
- [Payroll Funding](https://www.1stcommercialcredit.com/payroll-funding-company): Funding payroll from outstanding invoices
- [Non-Notification Factoring](https://www.1stcommercialcredit.com/invoice-discounting): Confidential invoice discounting where customers are not notified
- [Equipment Finance and Leasing](https://www.1stcommercialcredit.com/leasing): Equipment financing for buyers and vendors
- [All financial services](https://www.1stcommercialcredit.com/financial-services): Overview of every financing product

## Industries served

- [Staffing Agencies](https://www.1stcommercialcredit.com/factoring-staffing-recruitment-lending): Payroll funding and invoice factoring for temp, IT, light-industrial and other staffing firms
- [Medical Staffing](https://www.1stcommercialcredit.com/medical-staffing-factoring-services): Factoring for travel nurse and healthcare staffing agencies
- [Trucking Companies](https://www.1stcommercialcredit.com/freight-factoring-trucking-companies): Non-recourse freight factoring for carriers and owner-operators
- [Freight Brokers](https://www.1stcommercialcredit.com/factoring-freight-brokers): Invoice factoring for freight brokerages
- [Manufacturers](https://www.1stcommercialcredit.com/industries/manufacturers): Receivable financing and supply chain finance for manufacturers
- [Distributors](https://www.1stcommercialcredit.com/industries/distributors): Factoring for wholesalers and distributors
- [Construction Contractors](https://www.1stcommercialcredit.com/industries/construction-contractors): Factoring for construction receivables
- [Medical Providers](https://www.1stcommercialcredit.com/industries/medical-providers): Medical accounts receivable financing
- [Security Guard Companies](https://www.1stcommercialcredit.com/industries/security-guard-companies): Payroll and receivables financing for security firms
- [Produce Distributors (PACA)](https://www.1stcommercialcredit.com/industries/produce-distributors-paca): Receivable financing for produce distributors
- [Oilfield Services](https://www.1stcommercialcredit.com/industries/oilfield-financing): Receivable financing for oil and gas service companies
- [Service Providers](https://www.1stcommercialcredit.com/industries/service-providers): Factoring for B2B service businesses
- [Cable & Telecommunications](https://www.1stcommercialcredit.com/industries/cable-and-telecommunications-receivable-financing): Receivable financing for cable and telecom contractors
- [All industries](https://www.1stcommercialcredit.com/industries): Full list of industries served

## Learn about factoring

- [Invoice Factoring Basics](https://www.1stcommercialcredit.com/invoice-factoring-basics): Beginner's guide to how invoice factoring works
- [FAQ](https://www.1stcommercialcredit.com/faq): Hub of frequently asked questions about factoring and financing
- [Invoice Factoring FAQ](https://www.1stcommercialcredit.com/faq/invoice-factoring): 23 questions on how factoring works, costs, credit, tax liens, funding speed and advance rates
- [Purchase Order Financing FAQ](https://www.1stcommercialcredit.com/faq/purchase-order-financing): 20 questions on PO financing eligibility, costs and process
- [Government Contractor FAQ](https://www.1stcommercialcredit.com/faq/government-contractors): 20 questions on recurring PO funding for government and B2B contracts
- [Invoice Factoring Calculator](https://www.1stcommercialcredit.com/invoice-factoring-calculator): Estimate advances, discount fees and net proceeds
- [What is a Factoring Company?](https://www.1stcommercialcredit.com/blog/what-is-a-factoring-company): Services, requirements, benefits and examples
- [What is the Real Cost of Invoice Factoring?](https://www.1stcommercialcredit.com/blog/cost-invoice-factoring): How factoring fees are calculated
- [Recourse vs. Non-Recourse Factoring](https://www.1stcommercialcredit.com/blog/recourse-factoring-vs-non-recourse-factoring): Who carries the risk if a customer does not pay
- [How Is Invoice Factoring Different Than a Bank Loan?](https://www.1stcommercialcredit.com/blog/how-invoice-factoring-different-than-bank-loan): Factoring compared with traditional bank financing
- [What is a Notice of Assignment (NOA)?](https://www.1stcommercialcredit.com/blog/notice-of-assignment-factoring): How customers are told to pay the factor
- [How Does Purchase Order Financing Work?](https://www.1stcommercialcredit.com/blog/how-does-purchase-order-financing-work): Step-by-step explanation of PO financing
- [Payroll Funding for Staffing Agencies](https://www.1stcommercialcredit.com/blog/payroll-funding-staffing-agencies): What it is and who it is for
- [Factoring vs. Bank Line of Credit for Staffing Companies](https://www.1stcommercialcredit.com/blog/factoring-vs-bank-line-of-credit-for-staffing-companies): Comparison for staffing firms
- [5 Differences Between Asset-Based Lending and Other Financing](https://www.1stcommercialcredit.com/blog/5-differences-asset-based-lending-and-other-financing): How ABL compares with other options
- [Net 30 Payment Terms](https://www.1stcommercialcredit.com/blog/net-30-payment-terms): What Net 30 means and how it affects cash flow

## Client results

- [Business Case Studies](https://www.1stcommercialcredit.com/business-cases): Client case studies by industry
- [Recent Transactions](https://www.1stcommercialcredit.com/transactions): Recent factoring and financing deals funded

## Company

- [About 1st Commercial Credit](https://www.1stcommercialcredit.com/about): Company history, leadership and team
- [Locations](https://www.1stcommercialcredit.com/locations): Office locations
- [Contact](https://www.1stcommercialcredit.com/contact): Request a call back or a factoring rate quote
- [Press Kit](https://www.1stcommercialcredit.com/press-kit): News, press releases and media material

## Optional

- [Blog](https://www.1stcommercialcredit.com/blog): All articles on factoring, cash flow, staffing, trucking and international trade
- [Staffing Resources](https://www.1stcommercialcredit.com/staffing-resources): Cash flow and payroll guides for staffing agencies
- [Factoring by State](https://www.1stcommercialcredit.com/site-map-states): State and city pages for factoring services across the U.S.
- [Referral Program](https://www.1stcommercialcredit.com/refer): Referral program for staffing clients
- [Free Load Board](https://www.1stcommercialcredit.com/loads): Load board for trucking companies
- [Fleet Fuel Card](https://www.1stcommercialcredit.com/fuel-card): Fuel card program for trucking fleets