We were recently contacted by a new staffing agency in the Midwest looking for payroll funding. This veteran-owned company was started after the owner had been working for years as at other temporary staffing agencies and wanted to start her own business. The Company had customers lined up and people to fill the open positions, […]
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. […]
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 […]
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 […]
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 […]
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 […]
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. […]