Blog

1stApril, 2016

Minnesota Industrial Parts Distributor Smoothly Transitions to Invoice Factoring

By |April 1st, 2016|Deal|

We recently funded a new client relationship with a Minnesota-based industrial parts distributor. The Company, which has been in business for over 15 years, had a bank line of credit, but had needs for additional cash beyond what their lender would provide.

 

The Company reached out to us because we are a Minnesota invoice factoring company. […]

1stJuly, 2015

Minnesota Directional Boring Company Finds Simple, Straightforward Funding with Commonwealth Capital

By |July 1st, 2015|Deal|

We are happy to announce our new relationship with a Minnesota-based directional boring company that provides telecom and fiber optic installation services throughout the Midwest. The Company is in high-growth mode and needed additional working capital. The company kept their bank line of credit in place and is using the additional cash flow provided by […]

16thFebruary, 2015

Commonwealth Capital Adds Fuel Card To Better Serve Small Truckers

By |February 16th, 2015|Trucking|

In the past few months, we have been signing up a lot of truckers throughout Minnesota and the Upper Midwest for our factoring for small trucking companies service. These carriers have been telling us that they like the individual attention they receive from me as the owner of Commonwealth and my team. They’ve also mentioned […]

10thFebruary, 2015

Ben Van Zee to present at Minnesota CFA’s Business Development Panel

By |February 10th, 2015|Blog|

Next week, February 18th at 4:30 p.m., the Commercial Finance Association’s Minnesota Chapter will be hosting a Business Development Panel at the Golden Valley Golf and Country Club. We have a great set of panelist including professionals from commercial banking, equipment finance and leasing, asset-based lending, and of course, invoice factoring.

I’m looking forward to both […]

22ndJanuary, 2015

Merry Close Is Now A Certified Factoring Account Executive

By |January 22nd, 2015|Blog|

On a snowy day in mid January 2015, Merry Close braved poor weather and a drive to Mankato to take the Certified Factoring Account Executive (CFAE) test. To those who have worked with her, it should come as no surprise that Merry passed with flying colors. After being an account manager in the factoring industry […]

6thJanuary, 2015

Hours of Service Rollback Is Welcome News For Small Truckers.

By |January 6th, 2015|Trucking|

Attention small truckers! As of December 16, 2014, hours of service (HOS) regulations have been rolled back to the way they were before July 2013. The 34-hour restart is still in effect, but now it’s not so strict. For example:

Truck drivers are no longer required to include two periods from 1 a.m. to 5 a.m. […]

16thDecember, 2014

Northern Minnesota Trucking Company Finds Local Factoring

By |December 16th, 2014|Trucking|

Commonwealth Capital, a factoring company for trucking companies, is happy to announce that it has provided factoring services to a growing trucking company in northern Minnesota. The trucking company was looking for a Minnesota-based factoring company where they’d be known by their first name, not just their MC number. By factoring with Commonwealth Capital, they […]