Nationwide Commercial Credit Launches Interest-Free Fuel Credit Program for Trucking Companies
AUSTIN, Texas, Oct. 7, 2024 – 1st Commercial Credit, in partnership with its affiliate Nationwide Commercial Credit, Inc., is proud to announce the launch of a new Fuel Credit Card Program. This program is designed to provide interest-free fuel credit to entry-level trucking companies, addressing one of the most significant operational expenses for growing businesses in the industry – fuel costs.
Simplified Fuel Management
The Fuel Credit Card Program offers a unique blend of benefits:
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Interest-free credit and cash discounts:
Enjoy savings at partnered fuel stations, with credit activated automatically during load pickup and transit.*
Seamless management:
No manual payments or hidden fees. Manage fuel expenses effortlessly through a secure online portal.*
Flexible credit limits:
Credit amounts adjust based on each load’s value, with a maximum limit of $2,000 per load, providing flexibility to meet specific needs.
No Credit Score Requirement
The program prioritizes the success of new trucking companies. Approval is based on the creditworthiness of the associated freight broker or shipper issuing the load, as well as the trucking company’s proven ability to complete loads. This eliminates the need for a credit score assessment for the trucking company or its owners, making it easier for new businesses to access financial support.
Automatic Pay-Down
The program features an automatic pay-down process, ensuring that the fuel credit is settled once the load is completed. This eliminates worries about late fees, auto-debits, or accumulating debt, providing peace of mind and a reliable solution for managing cash flow.
Eligibility and Access
To participate in the Fuel Credit Card Program, trucking companies must have an active factoring arrangement with Nationwide Commercial Credit, Inc. Enrollment is seamless once the factoring relationship is established, with credit limits increasing alongside load volume to support business growth. Credit lines start 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. reiterate their commitment to supporting the growth of small to mid-size trucking companies. By providing transparent, interest-free funding solutions, they aim to help businesses manage fuel costs effectively and thrive in a competitive market.
For more information about the Fuel Credit Card Program, visit www.nationwidecommercialcredit.com or contact Nationwide Commercial Credit, Inc. directly.
About Nationwide Commercial Credit, Inc.
Nationwide Commercial Credit, Inc. is an affiliate company of 1st Commercial Credit, LLC. They specialize in non-recourse factoring for small to mid-size trucking companies, offering tailored funding solutions that prioritize customer needs.
