1st Commercial Credit

What 1st Commercial Credit does

1st Commercial Credit, LLC is a privately held, Austin-based asset-based financial services provider founded around 2001 that specializes in invoice factoring, accounts receivable financing, purchase order financing, asset-based lending, and trade payable financing for small and mid-sized U.S. businesses. The company funds credit lines ranging from $10,000 to $10 million at transaction fees of 0.69%–1.59% of invoice value, underwriting on the creditworthiness of the account debtor (buyer) rather than the seller, which enables it to serve clients that traditional banks decline. Its product portfolio is organized into core financial services (AR financing, invoice factoring, PO financing, asset-based lending, export-import financing, equipment financing, government receivables, trade payable financing, and sales ledger credit lines) and vertical-specific solutions targeting staffing, healthcare, construction, trucking, manufacturing, distribution, oilfield, PACA produce, security guard, cable/telecom, and service providers.

The platform is built around a receivables financing workflow supported by a Plaid integration for bank account and identity verification and an affiliated invoicing tool (MyBizPad) that batches invoices for submission. The company holds a California Finance Lenders Law license, BBB A+ accreditation, and memberships in the American Staffing Association, Staffing Industry Analysts, and Secured Finance Network. Distribution combines a 24/7 toll-free inside-sales line, online quote/application, a network of seven regional offices (Austin, Dallas, Houston, San Antonio, Atlanta, Chicago, Miami) for in-person field sales, and a 50-state SEO content footprint, supplemented by association referrals and PR-driven announcements.

The business model is transaction- and facility-based: fee revenue on factored invoices, recurring facility fees on revolving credit lines and asset-based lending, and transaction fees on purchase order and export-import financing. The company claims $5B+ funded across 3,800+ clients over 20+ years of operation, and most recently expanded its International Factoring Program in 2025 with EXIM Bank and private insurer backing to serve U.S. exporters extending credit to foreign buyers, alongside operations in Canada and the UK.

Name

1st Commercial Credit

Legal name

1st Commercial Credit, LLC

Website

https://1stcommercialcredit.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

1st Commercial Credit is a privately held Austin-based factor providing invoice factoring, accounts receivable financing, and asset-based lending of $10,000 to $10 million to small and mid-sized U.S. businesses across staffing, healthcare, trucking, manufacturing, and other verticals.

Ownership category

akta.pro rank

Product category

Invoice Factoring and Asset-Based Lending

NAICS

Credit Intermediation and Related Activities (522), Other Nondepository Credit Intermediation (52229)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)

akta.pro secondary industry

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

Keywords

• Invoice factoring services
• Accounts receivable financing
• Asset based lending
• Purchase order financing
• Small business working capital

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Invoice Factoring Fees: The primary revenue stream comes from fees charged on factored invoices, ranging from 0.69% to 1.59% of the invoice value. The fee depends on factors such as how long the receivable remains unpaid, advance percentage, industry type, account debtor credit quality, invoice size, sales volume, and volume commitments. This is structured as an ongoing seller/purchase agreement, not a loan.
2. Credit Line Facilities: Revenue from providing revolving credit lines from $10,000 to $10 million, with facilities structured to meet various business financing needs including supply chain finance and short-term advances against future orders.
3. Purchase Order Financing: Fees for financing purchase orders to complete supply chain transactions, suitable for wholesalers, resellers, importers, and companies that purchase and resell goods.
4. Asset-Based Lending: Higher advance rate lending against accounts receivable, inventory, and business equipment collateral, with fees based on the facility amount and utilization.
5. Export-Import Financing: Supply chain financing for exporters and importers including in-transit inventory finance, credit insurance, cargo insurance, and non-recourse factoring services backed by EXIM Bank and private insurers.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels12 records

Core offering

1st Commercial Credit provides invoice factoring and asset-based lending to small and mid-sized U.S. businesses, converting unpaid accounts receivable into immediate working capital. Its suite spans accounts receivable financing, invoice factoring, purchase order financing, asset-based lending, equipment financing, trade payable financing, export-import financing, government receivables, sales ledger credit lines, and a fuel card program, with credit decisions based on the buyer's strength rather than the client's financials.

Product overview

1st Commercial Credit is an invoice factoring and asset-based lending company offering a comprehensive suite of financial services. The core offerings include Accounts Receivable Financing, Invoice Factoring, Asset Based Lending, Purchase Order Financing, Export-Import Financing, Equipment Financing, Government Receivables, Trade Payable Financing, and Sales Ledger Credit Lines. These products are designed to help small to mid-sized businesses maintain cash flow by converting outstanding invoices and receivables into immediate working capital. The company serves multiple industries including staffing, healthcare, construction, trucking, manufacturing, distributors, oilfield & gas, produce (PACA), security guard, cable & telecommunications, and general service providers. The company operates on a model where funding decisions are based on the credit strength of the account debtor (buyer) rather than the client (seller), and offers facilities from $10,000 to $10 million with rates ranging from 0.69% to 1.59%.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounts Receivable Financing Converts a business's sales on credit terms into immediate cash flow by purchasing its outstanding receivables, with credit lines determined by the financial strength of the buyer's customer rather than the client. Targets small and mid-sized businesses needing working capital.
• Invoice Factoring Funds unpaid invoices through an ongoing seller/purchase agreement, structured as a transaction-based fee (0.69% to 1.59%) rather than a loan. Available to all businesses that sell on credit terms.
• Asset Based Lending Provides higher advance rates than banks by lending against accounts receivable, inventory, and business equipment collateral. Offers flexible financing solutions for businesses with tangible assets.
• Purchase Order Financing Funds purchase orders to complete supply chain transactions for wholesalers, resellers, importers, and businesses that purchase and resell goods. Provides financing against confirmed POs.
• Export-Import Financing Supply chain financing for exporters and importers trading with U.S. buyers, including in-transit inventory finance, credit insurance, bespoke cargo insurance, and non-recourse factoring. Backed by EXIM Bank and private credit insurers.
• Equipment Financing Fast approvals for sellers and buyers of business equipment, providing financing solutions for equipment acquisition by businesses.
• Government Receivables Financing Helps contractors maintain cash flow when working with government entities by financing their government receivables.
• Trade Payable Financing Enables businesses to pay suppliers with the company's funds, allowing them to manage supply chain obligations and extend payment terms.
• Sales Ledger Credit Lines Provides revolving access to up to $20 million in working capital for eligible businesses, structured against sales ledger receivables.
• Fuel Card Program Fleet fuel card accepted at 99% of stations nationwide, providing fuel purchasing and payment solutions for trucking and transportation companies.
• Staffing Industry Financing Tailored factoring and lending package for temporary staffing agencies, providing unlimited payroll funding for agencies ranging from startups to multi-million dollar operations.

Quantifiable outcome

• Funding available within 24 hours after account approval
• +3 more outcomes

Named customers12 records

Segments11 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Five partnerships are on record, tiered core, strategic and minor.

• PlaidcoreTechnology or IntegrationPlaid provides secure bank account validation and driver license verification services integrated into the company's application process. This enables secure transactions and identity verification for clients applying for factoring services.
• ASA (American Staffing Association)strategicChannel Partner/ Reseller/ DistributorCompany is a member of the American Staffing Association, providing access to the staffing industry's primary trade association and referral network for staffing agencies needing factoring services.
• SIA (Staffing Industry Analysts)strategicChannel Partner/ Reseller/ DistributorCompany is a member of SIA, the staffing industry's leading research and analysis organization, providing industry insights and networking opportunities for staffing sector financing specialists.
• Secured Finance NetworkstrategicChannel Partner/ Reseller/ DistributorCompany is a member of the Secured Finance Network, an organization for asset-based lending and factoring professionals, providing industry connections and best practices.
• BBB (Better Business Bureau)minorOthersCompany holds BBB A+ accreditation, demonstrating commitment to ethical business practices and customer service standards. Listed on BBB website as accredited business.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• BlueVine: Digital-first provider of invoice factoring and lines of credit to small businesses; directly comparable in target customer (SMB) and core product (receivables-based working capital), and represents the principal fintech threat to 1st Commercial Credit's positioning.
• eCapital: Asset-based lender offering factoring, purchase order financing, and asset-based lending to SMBs and mid-market companies across multiple verticals; closely comparable product breadth and client size band.
• Fundbox: Offers invoice factoring and revolving credit to SMBs, including automated underwriting integrated with accounting platforms; competes in the same receivable-financing niche with a heavier technology focus.
• Apex Capital: One of the largest US freight factors, providing non-recourse invoice factoring and fuel cards to small and mid-sized trucking companies; direct overlap with 1st Commercial Credit's trucking vertical and fuel card add-on.
• Breakout Capital Finance: Asset-based lender focused on invoice factoring and revenue-based financing for SMBs, with similar target verticals (staffing, government contractors, distribution); closely comparable niche positioning.
• Riviera Finance: Established non-bank factoring company providing invoice factoring and asset-based lending to SMBs across multiple verticals; closest traditional analog to 1st Commercial Credit in business model and target segments.
• Triumph Business Capital: Specializes in non-recourse freight factoring for trucking and logistics SMBs, a core vertical for 1st Commercial Credit; directly comparable in non-recourse trucking offering and target customer profile.
• ADS Factor: Specialized freight factor serving small and mid-sized trucking carriers with non-recourse factoring and fuel advances; directly comparable in trucking factoring and fuel card bundling.

Broad incumbents

• BILL (formerly Bill.com): Provides SMB financial-operations software with embedded working capital and credit products; a broader incumbent that bundles financing with AP/AR automation, increasingly encroaching on factoring incumbents.
• AltLine (The Southern Bank Company): Operates a factoring marketplace and direct factoring programs for community banks and SMBs; broader incumbent providing infrastructure that competes with 1st Commercial Credit's distribution model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/1st-commercial-credit
• Xx.com/1stComCredit

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1st Commercial Credit