Commonwealth Capital is a Minneapolis, MN factoring company providing straight-forward working capital solutions with fairness and honesty.
10800 Lyndale Avenue South, Bloomington, MN

Minnesota Factoring

Small businesses rely on Minneapolis factoring companies to get the cash needed for stability and growth. Minnesota's top industries are bio-science, manufacturing and wind. Medical device companies in Minnesota include Boston Scientific, Medtronic, and St. Jude Medical. The Mayo Clinic also helps lead the state in the area of bio-science. Minnesota’s top manufactured exports are computers and electronics, followed by machinery and transportation equipment.

Minnesota businesses often need more cash than they have on hand. Whether you're an established business or a start-up, Minnesota factoring companies can turn your invoices into immediate cash to meet payroll and other expenses. You don't have to wait 30 to 90 days to collect your receivables. Factoring companies also perform your credit, collections and receivables management.

Accounts receivable factoring benefits include

  • Quick and easy approval, usually within a day or two.
  • Initial cash funding within 5 to 10 days.
  • No hassle with debt or loan repayments.
  • You outsource your accounts receivables collections.

Businesses looking for accounts receivable factoring should research different factoring companies. Factoring Club is your best source of information to find your Minnesota factoring company.

Invoice Financing
Is Quick & Easy

1. Send your invoices to your factoring company.
2. Your factoring company buys your invoices and sends you 80% to 95% of the invoice amount within 24 to 48 hours.
3. Your factoring company collects the invoices from your customer and sends you the final payment.
Invoice financing is a quick and easy process.
Choosing a factoring company.

Choosing a
Factoring Company

Choose your factoring company by looking at factors such as industry, credit size, factoring rates, contract terms, location, and customer service.

Accounts Receivable Financing

Cash Flow Solution

Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.

Receivables Management

Your factoring company handles all the accounts receivable functions including collections, accounting and reporting.

Business Credit Services

Factoring companies analyze your customers' credit scores and monitor credit limits to protect you from bad debt losses.

No Loans or Debt

Accounts receivable financing doesn't involve risky loans or debt and doesn't require you to make loan repayments.

Quick and Easy

Invoice financing is available within 5 to 10 business days and doesn’t require historical financials or spotless credit.

Peace of Mind

Receivables factoring provides business stability and allows you to focus on operating your business rather than handling cash flow problems.

FactoringClub is the most comprehensive source of information for invoice factoring companies. FactoringClub helps you find the right factoring company. Search our listings or call our factoring experts at (866) 748-7111 for assistance.