1st Commercial Credit Review (2026)
An independent review of 1st Commercial Credit, a invoice and freight factoring provider. Published terms, who it suits, what to check in the contract — and our commercial position stated up front.
Our position on 1st Commercial Credit
We have no commercial relationship with 1st Commercial Credit. Nothing on this page is a paid placement.
Publishes an explicit rate range and setup timeline — rare, and aimed at businesses that want numbers before a call. This review covers what 1st Commercial Credit publishes, what it does not, who the product actually fits, and the specific questions worth asking before you sign anything.
Published terms at a glance
| Website | 1stcommercialcredit.com |
|---|---|
| Focus | Invoice And Freight Factoring |
| Advertised rate | 0.69%–1.59% |
| Operator-reported rate | No public report found |
Terms above read from www.1stcommercialcredit.com on 2026-07-29. We re-check monthly.
1st Commercial Credit does not publish: advance rate, recourse, contract, monthly minimum. Request these in writing before signing — see the five questions below.
How to read the blanks
Populated rows were read from 1st Commercial Credit's own published pages. A blank row means 1st Commercial Credit does not publish that term publicly — which is itself worth knowing, because in factoring the contract matters more than the headline rate. We never fill a gap with an estimate. If you hold a current written quote from 1st Commercial Credit, send it and it goes into the index anonymised.
What 1st Commercial Credit actually offers
All-industry. Heavy programmatic geo and industry coverage. No setup fees; setup in 3–5 days (published).
- 0.69–1.59% published
- No setup fees
- Setup in 3–5 days
- All-industry
- 20+ years
- Payroll funding
Features are worth less than terms. A fuel card that saves a few cents a gallon does not offset a contract you cannot exit, and a polished app does not compensate for a reserve held three weeks after your customer paid. Use the list above to understand the shape of the offer, then move to the contract questions below.
Best for
- Businesses wanting a published rate range to benchmark against
- Companies needing funding inside a week
- Non-trucking industries — staffing, manufacturing, distribution, oilfield
Skip if
- You are a single owner-operator wanting a trucking-native product
- You need a bundled fuel card and load board
The specific thing to watch with 1st Commercial Credit
Before you sign
0.69–1.59% is described as depending on industry. Ask where YOUR industry sits in that range before assuming the floor.
The five questions that decide your real cost
These apply to every factor, and the answers should be in writing. Vague answers to any of them are themselves an answer.
- What is the discount rate, per what period, and what happens on day 31, 45 and 60? A rate quoted “per 30 days” behaves very differently from one that steps up in full periods. If your customers routinely pay at 45 days, the step matters more than the headline.
- What is the advance rate, and how quickly is the reserve released after my customer pays? The reserve is your working capital sitting in someone else’s account. A factor holding it for a week after collection is financing itself with your money.
- Is there a monthly minimum, and what does a slow month cost me? This is the single most common reason a low advertised rate turns expensive for a small operator. Price a bad month, not an average one.
- What is the term, the notice window, and the early termination fee? Auto-renewal with a short notice window is legal, disclosed, and routinely missed. Diarise the date the day you sign.
- If non-recourse: what is the covered-event definition, and can you give an example of a claim you declined? The second half of that question is the informative half. Most non-recourse agreements cover customer insolvency only — not disputes, not paperwork errors, and not a customer who simply refuses to pay.
Compare financing options across 75+ lenders, including accounts receivable financing →Speak with an advisor. Checking options does not affect your credit. We may earn a commission — see the rate card.
How to price 1st Commercial Credit against a competing quote
Do not compare headline rates. Take your real monthly invoice volume, your customers’ actual average days-to-pay, and your real invoice count, then run both quotes through the same month including minimums and per-transfer fees. Two factors quoting the same rate can differ by several points of true cost once advance rate and fixed fees are included.
Model it in the calculator → · The full fee anatomy →
If you are already with 1st Commercial Credit and want to leave
Check the termination clause before you talk to anyone else — term length, notice window and early termination fee. Then confirm how quickly they release the UCC-1 filing on your receivables, because until that is filed no new factor can take first position. Serve notice in writing inside the window, let the incoming factor handle the buyout, and update remit-to instructions with every customer. The full switching sequence →
Verdict
One of only a handful publishing a real rate range. Use it as a benchmark even if you go elsewhere. As with every company in this index, that is a judgement about published positioning and structure — not about a rate we have verified for your specific business. Get two written quotes before deciding, and put them in front of each other. Quoted terms in this market move when there is a credible alternative on the table.
Alternatives to 1st Commercial Credit
Closest comparable options for both carriers and non-freight businesses:
- eCapital — A large multi-vertical funder that factors freight, staffing, construction and more from one balance sheet.
- American Receivable — One of the most transparent all-industry factors we track — publishes rate floor, advance, contract posture and minimums together.
- AltLine — Bank-backed factoring aimed at businesses that want institutional stability without full bank underwriting.
- Riviera Finance — Full-service non-recourse factoring with a physical branch network — unusual in a market that is almost entirely remote.
- Summar Financial — Markets coverage that it claims goes beyond standard non-recourse, plus strong bilingual support.
- Interstate Capital — Covers both trucking and general business factoring from one platform.
See all 34 companies in the index →