Commonwealth Capital

10800 Lyndale Avenue South, Bloomington, MN
Commonwealth Capital is a Minneapolis, MN factoring company.
Ben Van Zee of Commonwealth Capital
Ben Van Zee
President

Commonwealth Capital is a Minnesota factoring company located in the Twin Cities of Minneapolis-St. Paul. We've worked with the Minnesota business community since 1975 and provide factoring services to small and medium sized businesses throughout the Upper Midwest. We believe invoice factoring should be simple, straight-forward and fast, so we avoid complications with our easy process and quick funding decisions.

Commonwealth serves many industries including apparel, construction, distribution, oil and gas, technology, staffing and trucking. We work with businesses of all stages including start-ups, seasoned businesses and growing businesses. Start-ups with little financial history use factoring to grow their business without diluting their equity.

We take pride in our factoring services for truckers. Trucking factoring gives you immediate cash after hauling a load so you can move to the next load quicker. Our credit services ensure that your freight brokers are creditworthy and able to pay you. Our team has saved our clients many times their factoring fees in lost revenue.

Commonwealth provides these invoice factoring services:

  • Quick approval and setup.
  • 24 funding of invoices.
  • Advance rates up to 90%.
  • Month-to-month contracts available.

Commonwealth is your trusted partner who understands your business and the challenges you face. We work as part of your team to ensure your success. We keep things simple and help you understand the factoring process so that you benefit from it.

Industries Served:

Featured Services:

Collection services:
Yes
Credit services:
Yes
24 hour funding:
Yes
Non-recourse factoring:
Yes
Online reporting:
No
Invoice software integration:
Yes

Terms of Service:

Contract length:
Month-to-month, 6 month and 12 month options.
Application and start-up fees:
Varies by deal structure (number of owners, related entities, type of industry).
Monthly minimum:
Depends on contract.
Factor all invoices:
No.
Reserve availability:
Available after checks clear bank.
Cancellation fee:
Varies by deal.
Additional fees:
Wire transfer fees.

General Information

952-469-4460
Year founded:
2011
No. employees:
2-10
Associations:
IFA, CFA
Address:
10800 Lyndale Avenue South, Bloomington, MN

Financial Information

Minimum credit facility ($):
10,000
Maximum credit facility ($):
1,000,000
Advance rate (%):
75-90%
Contact
952-469-4460

10800 Lyndale Avenue South, Bloomington, MN

10800 Lyndale Avenue South, Bloomington, MN

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