Commonwealth Capital was founded in 2011 and specializes in providing factoring services to small to medium-sized businesses. The company focuses on funding companies in the trucking, manufacturing, and staffing services industries.

With extensive experience in the trucking and transportation sector, Commonwealth Capital offers a range of services, including back-office support, fast funding, and personalized service. The company also assists small trucking companies in reducing their risk by providing information on which loads to haul.

For staffing companies, Commonwealth Capital's funding programs offer advance rates of up to 95%, same-day funding, and a team of experienced payroll funding experts. This support helps staffing companies stabilize their cash flow by providing funding as soon as they can bill for the time worked.


Staffing

Trucking

Construction

Commonwealth Capital LLC

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<span style="color:rgb(55,65,81);font-family:Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;font-size:16px;"><span style="-webkit-text-stroke-width:0px;display:inline !important;float:none;font-style:normal;font-variant-caps:normal;font-variant-ligatures:normal;font-weight:400;letter-spacing:normal;orphans:2;text-align:start;text-decoration-color:initial;text-decoration-style:initial;text-decoration-thickness:initial;text-indent:0px;text-transform:none;white-space:pre-wrap;widows:2;word-spacing:0px;">Situated in the heart of the Midwest, Minneapolis boasts a robust economic landscape and serves as a pivotal center for commerce. With a GDP of $300 million in 2021 and a strategic location, Minneapolis is a key player in the financial landscape. The city is home to a diverse range of industries, from technology to healthcare, contributing to its economic vitality. Minneapolis' strategic position is underscored by a network of major highways, efficient railroads, and a well-connected airport system. As a financial hub, Minneapolis attracts commercial finance and factoring companies that play a crucial role in supporting businesses and ensuring a healthy cash flow. Explore the dynamic financial scene in Minneapolis and discover how our directory can connect you with reputable accounts receivable finance partners to propel your business forward.

Minneapolis-St. Paul

Some traditional banks provide factoring or accounts receivable finance services, potentially offering lower rates. However, they often maintain stringent credit policies and lack the additional services and software tools offered by companies primarily dedicated to factoring.

The following list includes companies in the vicinity of Minneapolis and St. Paul that specialize in factoring as a primary service. These entities provide unique features not commonly found in traditional banks or other diversified financial service providers.

Scale Funding is a division of the Scale Bank of Edina and is based out of Minneapolis. The company began offering factoring in 1994. They specialize in the trucking, staffing, oilfield services, and wireless contractor industries. Scale Funding offers a streamlined quote process that allows them to provide rates in 15 minutes, and funding in less than 24 hours.

Besides accounts receivable financing, the company offers payroll funding and invoice factoring in a wide variety of industries. In addition, Scale funding also offers treasury services, credit analysis, risk assessment, fuel cards, and discounts.

Besides accounts receivable financing, the company offers payroll funding and invoice factoring in a wide variety of industries. In addition, Scale funding also offers treasury services, credit analysis, risk assessment, fuel cards, and discounts.

Manufacturing

Oilfield Services

Scale Funding

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Scale Funding offers fuel discounts through their partnership with FTS.. The program provides substantial discounts at more than 2,000 truck stops. You can also get discounts on tires, truck parts, oil changes and more.

The Concept Financial Group was founded in 1999 and specializes in providing factoring services to trucking companies. The company maintains a select portfolio of clients to provide friendly, personalized service. Concept Financial prides itself on its integrity and providing outstanding customer service. Their factoring services feature no hidden fees, no minimum volume requirements, funding within 24 hours, and advance rates as high as 95%. With Concept Financial, you can choose to only factor invoices for a portion of your customers.

The company is an active member of the International Factoring Association as well as the  American Factoring Association. This A+ business has been BBB Accredited since 2006 and follows the IFA Code of Ethics. 


Concept Financial Group

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Great Plains Transportation Services is an independently owned trucking services company based in Fairmont, Minnesota, that has been helping truck drivers and companies succeed since 1995. They provide services like invoice factoring, licensing, and permitting to simplify trucking operations. With real-time reporting and easy transactions, Great Plains keeps truckers moving efficiently. 

As a smaller, family-owned business, they strive to provide personal and honest service, promising to answer calls with real people, not automated systems. With expertise spanning logistics, insurance, and law, their dedicated staff works to solve pressing issues and questions for their clients. Great Plains Transportation sets itself apart by being large enough to handle trucking company needs, yet small enough to genuinely care about customer well-being.


Wholesale & Distribution

Great Plains Transportation Services

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To help truckers save even more, Great Plains Transportation acts as a reseller of the EFS FTS Discount Fuel Card. This specialized fuel card allows truck drivers to pay cash prices at the pump instead of higher retail prices. By pre-negotiating discounts, the FTS Card can offer substantial savings on every fuel purchase across a large network of truck stops nationwide.

Riviera Finance is a leading provider of accounts receivable financing and invoice factoring services to small and medium-sized businesses across the United States and Canada. 

Riviera Finance purchases a business's outstanding receivables, advances them 80-90% of the invoice value within 24 hours, and handles all collections. This non-recourse arrangement provides companies with reliable working capital to fulfill orders, make payroll, and operate smoothly.

Food & Beverage

Security

Commercial Cleaning

Government Contractors

Riviera Finance

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Riviera Finance's TCS fuel card offers substantial fuel discounts, averaging 42 cents per gallon, for small trucking companies at over 1,500 locations nationwide. 

With no account fees and discounted transaction fees, the TCS card provides convenience and saves fleets money at every fill up.

The TCS card leverages the combined purchasing power of Riviera's clients to secure "Retail Minus" and "Cost Plus" discounted pricing, with savings frequently exceeding 50 cents per gallon. 

Fleets can access the TCS Fuel Finder tool and mobile app to locate the best fuel prices daily. 

After New York and Los Angeles, Chicago has the largest economy in the US and is one of the nation's top logistics hubs. The city is the railroad center of the country, has access to a number of important waterways, and Chicago O'Hare is one of the top cargo terminals in the United States. This logistics activity makes Chicago an important city for transportation factoring. Chicago's large and dynamic economy supports factoring services in a wide variety of industries.

Chicago

Some traditional banks offer factoring or accounts receivable finance services. They can potentially offer lower rates, but they often have tight credit policies and don't offer the additional services and software tools provided by companies primarily focused on factoring.

The list below includes companies that offer factoring as one of their primary services. True factoring companies often provide unique features not offered at traditional banks.

Factoring Companies in Chicago (2023)

Miami serves as a crucial hub for commerce with its strategic location and a GDP that reached $483 million in 2022. The city encompasses a spectrum of industries, including logistics and finance, contributing to its economic vibrancy. Miami's position is accentuated by a well-developed logistics infrastructure, including major ports, efficient transportation networks, and an international airport. As a financial center, Miami attracts a range of logistics and finance companies, playing a pivotal role in supporting businesses and ensuring streamlined operations. Use our directory to connect with reputable factoring partners and accelerate the growth of your business. &nbsp;

Miami

<span style="color:rgb(55,65,81);font-family:Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;font-size:16px;"><span style="-webkit-text-stroke-width:0px;display:inline !important;float:none;font-style:normal;font-variant-caps:normal;font-variant-ligatures:normal;font-weight:400;letter-spacing:normal;orphans:2;text-align:left;text-decoration-color:initial;text-decoration-style:initial;text-decoration-thickness:initial;text-indent:0px;text-transform:none;white-space:pre-wrap;widows:2;word-spacing:0px;">Atlanta is an important logistics and financial hub in the United States. Atlanta is a burgeoning FinTech hub and plays host to many industry leaders and startups in this sector. Georgia has a business-friendly regulatory environment and offers tax incentives to attract financial companies and startups to establish a presence in the state. <span style="color:rgb(55,65,81);font-family:Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;font-size:16px;"><span style="-webkit-text-stroke-width:0px;display:inline !important;float:none;font-style:normal;font-variant-caps:normal;font-variant-ligatures:normal;font-weight:400;letter-spacing:normal;orphans:2;text-align:left;text-decoration-color:initial;text-decoration-style:initial;text-decoration-thickness:initial;text-indent:0px;text-transform:none;white-space:pre-wrap;widows:2;word-spacing:0px;">The city's central location in the southeastern United States places it at the crossroads of several major interstate highways, including I-75, I-85, I-20, and I-285. This connectivity facilitates efficient road transportation and distribution. It also serves as a major railway hub with multiple rail lines converging in the city. Atlanta's proximity to the Port of Savannah, one of the largest and fastest-growing container ports on the U.S. East Coast, provides businesses with easy access to international shipping routes.

Atlanta

The list below includes banks that offer accounts receivable finance or factoring. 

The list below includes non-bank finance companies that offer factoring as a primary service.

<span style="-webkit-text-stroke-width:0px;display:inline !important;float:none;font-style:normal;font-variant-caps:normal;font-variant-ligatures:normal;font-weight:400;letter-spacing:normal;orphans:2;text-align:start;text-decoration-color:initial;text-decoration-style:initial;text-decoration-thickness:initial;text-indent:0px;text-transform:none;white-space:pre-wrap;widows:2;word-spacing:0px;">With a GDP of almost $600 billion, DFW is ranked 6th among US cities in terms of GDP. The growth of DFW accelerated after the pandemic as people moved away from the coasts. The city is also an important intermodal hub, being served by multiple Class 1 railroads, several airports - including DFW, and a network of major highways. DFW's vibrant industrial economy supports numerous commercial finance and factoring companies.

Dallas-Fort Worth

The list below includes companies that offer factoring as one of their primary services. True factoring companies offer features that traditional banks and other diversified financial service companies do not.

Factoring Companies in Dallas-Fort Worth

A number of factoring companies provide financing for seafood, produce, and beverage companies that export goods into the United States.

Minneapolis-St. Paul

Banks Offering Factoring and Receivables Finance