Minneapolis
Factoring Companies

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Commonwealth Capital is a Minneapolis, MN factoring company providing straight-forward working capital solutions with fairness and honesty.
10800 Lyndale Avenue South, Bloomington, MN
952-469-4460

Minneapolis / St. Paul Factoring

Minneapolis factoring companies help businesses improve cash flow.
Minneapolis factoring companies help businesses improve cash flow.

Minneapolis and St. Paul businesses turn to invoice factoring for improved cash flow. Minneapolis is the second largest economic center in the Midwest, with America's fifth largest number of Fortune 500 companies. The top manufactured products are computers and electronics, followed by machinery and transportation equipment. Minneapolis businesses often need more cash than they have on hand. Whether you're an established business or a start-up, factoring companies can turn your invoices into immediate cash to meet payroll and other expenses. Factoring services allow you to focus on delivering customer service and operating your business.

Top industries in Minneapolis include

  • Trade
  • Manufacturing
  • Technology
  • Trucking

Minneapolis factoring companies serve all commercial (B2B) industries including manufacturing, distribution, staffing, business services and trucking. Accounts receivable factoring is an attractive option to bank financing for small businesses. You can obtain invoice factoring in a matter of days rather than weeks or months. Approval is based more on your customers' credit than yours. Once approved, Minneapolis factoring companies buy your invoices and send you payment immediately. You don't have to wait 30 to 90 days to collect your receivables from your customers. The factoring company also handles collections and receivables management.

Accounts receivable factoring benefits include

  • Approval within a day or two.
  • Initial 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 factoring companies. Factoring Club is your best source of information to find the right Minneapolis 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.

Guide to Factoring Receivables

Discover why invoice factoring can be better than bank financing, learn the receivables factoring process and factoring rate structures, know what to expect when applying for factoring services and much more.