1^st 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 1^st 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, 1^st 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 1^st Commercial Credit for funding have been in business for less than one year.

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