One of our newest relationships is with a growing food processing company. The Company has been providing independent shops and diners for years, but always sold on cash-on-delivery terms. The Company was in a period of rapid growth and pursuing additional sales channels. Through those efforts, the Company was provided with the opportunity to start selling into large retail stores. This posed a challenge since payment terms were 45 days.
The Company discovered that they could bridge their payment gap by funding their receivables with Commonwealth Capital. The Company was approved and set up before receiving their first orders. We were able to fund the Company as soon as they finished their first order.
With Commonwealth Capital, the Company now has more than just a steady, flexible source of funds. They have an experienced team by their side that will help them with the challenges of a rapidly growing business.