Commercial Funding Inc. Closes $3 Million Factoring Line for Growing Security Company

SALT LAKE CITY, UT (January 20, 2022) – Commercial Funding Inc., a national provider of accounts receivable financing, including invoice factoring, and asset based lending, has closed a $3 million factoring facility for a rapidly growing provider of security services.

The company, which specializes in providing armed and unarmed security and patrol services, has been in business for nearly three years and is rapidly expanding services provided and their geographic reach. They were working with an existing factoring company but were being capped at a maximum credit limit that was not allowing them to leverage all their receivables. This cap was limiting the company’s ability to expand.

Commercial Funding saw opportunity and possibility in the growth potential, especially after talking with senior management at the security firm. Thorough evaluation of the company’s financial information and client list gave Commercial Funding enough confidence to nearly double the company’s factoring facility to $3 million.

John Basich, Regional Sales Manager in Southern California, said, “We were able to close the deal and provide first funding in less than four weeks. Now that they can leverage all of their receivables, their cash flow has improved and they are ready to take advantage of their growth opportunities.”

For more information, visit www.commercialfund.com or contact John Basich at jbasich@commercialfund.com or 310-980-2285

About Commercial Funding Inc.:

Commercial Funding Inc., a wholly owned subsidiary of Commercial Credit, Inc., provides invoice factoring, accounts receivable financing, and asset based loans to middle-market companies nationwide. Based in Salt Lake City, UT, the company serves businesses in a variety of industries including transportation, oil and gas, construction, waste, manufacturing, distribution, and staffing. For more information, please visit www.commercialfund.com.

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