Commonwealth Capital, based in the Minneapolis-St. Paul area, is happy to announce that it has funded two additional small trucking companies in Minnesota, expanding its factoring services in Minnesota and beyond. Our factoring services for small truckers allow the trucking companies to eliminate fuel advances and quick pay fees. Both of these new companies had recently received their operating authority and were starting to feel a cash flow crunch.
- One trucking company had been hauling dirt. This woman-owned trucking company chose to start hauling freight over-the-road to earn more consistent pay and to be home more regularly. They liked Commonwealth Capital’s approach to factoring small trucking companies and that they could meet in person to discuss their needs, while other factoring companies were located across the United States.
- The other small trucking company was looking to grow to 10 trucks by the end of the year. Growing that quickly meant that they’d need to take a quick pay on every load or start factoring. By factoring, the company is funded within 24 hours of completing the load instead of waiting days for the quick pay from the broker.
Know of a small trucking company that’s looking for fast cash for their invoices? Have them call Commonwealth Capital.