One of our clients was recently featured in an article in the Star Tribune about local bakeries. The article neglected to mention that this bakery has been able to get their business funded by factoring their commercial receivables. We were there to fund their first commercial invoices when they had been turned down by banks, friends and family, non-profits, merchant cash advance companies, and others.
That same client was recently talking with one of our relationship managers about their customer’s payment process and wrote this to us in an e-mail:
“Thank you for trying to be on top of them [our customer’s payment]. Crazy that they are net 30 days and they still can’t get it paid. Sad…I’m VERY thankful for Commonwealth…If it was just me ‘waiting patiently’ I surely wouldn’t have made it!”
We are focused on helping small businesses get off the ground and funding their growth. We help companies in various stages from startups to turnarounds to high-growth businesses. Please call us today to find out how we work together to solve your cash flow challenges.