1st Commercial Credit vs. Goodman Capital Finance
Both serve staffing agencies and freight & trucking and manufacturing and oil & gas and distribution & wholesale and government contractors. Here's how their published terms compare. "Not published" means we couldn't find the figure on the company's own site.
Terms side by side
| 1st Commercial Credit | Goodman Capital Finance | |
|---|---|---|
| Advance rate | 75%–98% by industry; trucking 100% with no reserve [source] | Up to 90% [source] |
| Factoring fee | 0.69%–4% (average client about 2.25%); trucking 1.5%–3% [source] | Not published; based on customer credit quality and monthly volume; no application fee [source] |
| Recourse | Non-recourse (trucking program) [source] | Not published |
| Contract length | Not published | No long-term contracts (stated on its referral partner page) [source] |
| Minimum volume | From $10,000 a month [source] | Businesses with $10,000 to $10 million in monthly sales [source] |
| Funding speed | Within 24 hours of verification; first funding 3–10 business days [source] | 24-hour approval; same-day funding for active clients [source] |
| Fuel program | Fuel advance up to 50% of the load for an added 1% [source] | Not published |
| Credit checks | Free broker credit checks for trucking clients [source] | Free credit evaluations on your customers [source] |
| Founded | 2001 [source] | 1972 [source] |
| Headquarters | Austin, Texas [source] | Dallas, Texas [source] |
| Parent company | Not published | Independent Bank (Memphis, Tennessee), since 2014 [source] |
| Advertised features | Non-recourse, Same-day funding, Fuel advances, No minimum volume, Free credit checks | No long-term contract, Same-day funding, Spot factoring, Free credit checks |
Terms are negotiated. The only way to know what you'd pay is to get quotes for your volume and customers.
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