Commonwealth Capital is pleased to announce that it recently funded a Commercial Landscaping Business through a $50,000 factoring facility. The Company provides snow removal services a variety of businesses with a retail presence, including big-box retailers.
The Company was referred to Commonwealth Capital because Commonwealth specializes in working with companies that are often turned down by other factoring companies as “too small”. Upon discussions with the owner, we discovered that some of the Company’s equipment was in need of repair to continue their snow removal work. Commonwealth solved this problem by turning their accounts receivable into cash within a matter of days.
The Company now has the cash on hand, not only repair its equipment, but also to stay on top of other expenses that may arise and to book new contracts as the spring cleanup season comes around.