Miami, FL (PressExposure) September 25, 2008 -- Commercial Capital LLC, a leading factoring company, has announced that it has provided a one million dollar factoring financing line to a US based product supplier. The client, a well known company in its industry, had been experienced substantial growth and needed working capital to continue implementing its growth plans.
Marco Terry, Managing Director of Commercial Capital LLC, stated "We are very pleased with the addition of this new client." He then added, "Although the credit environment has made it difficult for companies to get financing, factoring remains a leading financing alternative for businesses that can't get conventional funding"
Factoring is a form of asset based financing that provides a working capital advance against outstanding invoices. It provides working capital to companies that cannot wait 30 to 60 days to get paid by their clients. This enables companies to enjoy a more predictable cash flow, enabling them to meet their obligations and leverage new opportunities.