Factoring with Commonwealth Capital

We work with companies from startups to those with $15 million in annual sales. Our clients are typically generating $10,000 to $500,000 per month in accounts receivable.

Initial setup can be as quick as 48–72 hours, but generally takes five to ten business days.

Once we have set up your factoring facility, we can get you cash quickly. Depending on the method, funds typically are in your account the next business day — and that can be expedited to same-day funding if need be.

Our advance rates are based upon a number of factors. Depending on the industry, we advance from 75 to 90 percent of the invoice.

There are a few key differences between factoring and a business loan:

• Factoring involves three parties (you, your customer, and Commonwealth) — not two, as in banking.
• Factoring typically provides more cash per invoice.
• Factoring typically generates cash within a day of invoicing.
• Factoring does not require covenants, unlike bank loans.

We've worked with the Minnesota business community since 1975 and have earned a reputation for being straightforward, honest, and passionate about helping small businesses. And, as a family business, you get personal attention from decision makers.

Factoring focuses on the creditworthiness of your customers instead of your business. By analyzing your customers' ability to pay, we are able to factor your accounts receivable and turn them into cash. So whether your business is growing beyond your bank's willingness to lend, or you've hit a bump in the road, you can maintain the working capital you need.

We also lend private capital, which means we can be flexible — we are not constrained by banking regulations.

We'll tell you right away, and we'll point you in the direction of someone who might be able to help. You'll have a response to your initial inquiry in 48 hours — we won't keep you in suspense waiting for an answer. We pride ourselves on a quick response to prospective and existing clients.

An owner's bad personal credit score will often make a business unbankable, despite the business's track record. But we understand people go through rough patches. At Commonwealth Capital, we do not rely on traditional credit scores or models, and we don't turn down businesses simply because the owner has bad credit.

By providing accounts receivable factoring instead of a loan, we focus on the quality of your invoices and your customers — which lets us put cash in your bank account immediately upon invoicing.

Businesses can't wait weeks or months for financing. By providing invoice factoring instead of a loan, we move quickly — our business is structured to avoid bureaucracy and get clients set up and funded fast. We have funded clients in as few as three days, and we commonly have new clients set up within a week.

You'll always know where you are in our transparent approval process, aided by easy access to decision makers. And if we're unable to fund your business, we'll let you know quickly so you aren't waiting around for a deal that can't be put together.