Commonwealth Capital, an invoice factoring company based in Minnesota, announced that it recently provided a $150,000 factoring facility to a company that sells action sports equipment. The company’s product lines include skateboards, skis, standup paddle boards, and soft goods. These products are sold through a network of dealers and big-box retailers throughout the United States.
The company was referred to Commonwealth Capital by a regional bank that was unable to help the company because of its limited time in business. Companies with limited operating history are often referred by banks to Commonwealth Capital because we are one of the few Minnesota factoring companies. Having cash instead of waiting to get paid on invoices will allow the Company to grow rapidly, while staying current with suppliers.
Commonwealth Capital specializes in helping small businesses better manage their cash flow by factoring business-to-business invoices. We provide funding to companies with a variety of cash flow needs including, freight bill factoring, construction factoring in Minnesota, food processing factoring, and many more industries. If you’d like more information about how Commonwealth Capital can help your business, please contact us.