Miami, FL (PRWEB) January 2, 2009
Commercial Capital LLC, a leading provider of factoring in the US and Canada announced that it has provided a million dollar invoice factoring financing facility to a Midwest food distributor. The food distributor had experienced a steady increase in orders and needed working capital to execute its growth plans.
The distributor used factoring financing to address a common problem. They had large corporate clients that were taking up to 60 days to pay their invoices. This limited their working capital, and at times jeopardized their ability to pay their suppliers on time. Furthermore, although their sales were growing steadily, their lack of working capital limited their ability to pursue new clients aggressively.
Commercial Capital LLC's factoring financing solution provided the company with an advanced payment on their invoices, eliminating the 60 day payment wait. This provided sufficient capital liquidity to comfortably cover operating expenses for its growing portfolio of clients.
Invoice factoring has been gaining traction as a business financing solution, especially in this era of tight credit markets where business loans are difficult to obtain. It works with companies that sell goods or services to other businesses or government agencies on 30 - 60 day terms - but can't afford to wait. Factoring can provide an advance on those invoices, providing businesses with liquidity to meet company expenses and grow.
About Commercial Capital LLC:
Commercial Capital LLC is a leading provider of factoring and purchase order financing.