AUSTIN,
Texas, Oct. 7, 2024 /PRNewswire/ -- 1st
Commercial Credit, in collaboration with its affiliate Nationwide
Commercial Credit, Inc., proudly announces the launch of a new Fuel
Credit Card Program, offering interest-free fuel credit to
entry-level trucking companies. This initiative aims to reduce one
of the most significant operational expenses for growing trucking
businesses—fuel costs.
Simplified Fuel Management
The Fuel Credit Card Program provides interest-free credit and
cash discounts at partnered fuel stations, activating automatically
when a load is picked up and in transit. With no manual payment
requirements or hidden fees, this program allows trucking companies
to manage fuel expenses seamlessly through a secure online portal.
Credit amounts adjust to the value of each load, with a maximum
limit of $2,000 per load, offering
flexibility to meet specific needs.
No Credit Score Requirement
Approval for the program is determined by the creditworthiness
of the associated freight broker or shipper issuing the load, as
well as the trucking company's proven ability to complete
loads—without considering the credit score of the trucking company
or its owners. This feature is particularly advantageous for new
companies looking to establish and grow their business.
Automatic Pay-Down
The program features an automatic pay-down process, where the
fuel credit is settled once the load is completed. This eliminates
worries about late fees, auto-debits, or accumulating debt, making
it a reliable solution for managing cash flow.
Eligibility & Access
Trucking companies are required to have an active factoring
arrangement with Nationwide Commercial Credit, Inc. to join the
program. Enrollment is seamless once the factoring relationship is
in place, with credit limits increasing alongside load volume to
support business growth. Credit lines begin at $2,500 and can reach up to $100,000, based on the volume of loads in transit
for the fleet.
Empowering Growth in the Trucking Industry
With this new Fuel Credit Card Program, 1st Commercial Credit
and Nationwide Commercial Credit, Inc. reaffirm their commitment to
supporting the growth of small to mid-size trucking companies. By
offering transparent, interest-free funding solutions, they aim to
help businesses manage fuel costs and thrive in a competitive
market.
For more information, visit www.nationwidecommercialcredit.com
or contact
About Nationwide Commercial Credit, Inc.
Nationwide Commercial Credit, Inc. is an affiliate company of
1st Commercial Credit, LLC and specializes in
non-recourse factoring for small to mid-size trucking companies,
offering tailored funding solutions that prioritize customer
needs.
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SOURCE 1st Commercial Credit, LLC