Commercial Funding

What Commercial Funding does

Commercial Funding Inc. (CFI) is a U.S. private company that purchases accounts receivable from small and mid-sized businesses and provides asset-based lending, DIP financing, and (through affiliate Commercial Credit Group Inc.) equipment financing. The firm was founded in 2004 as Transfac Capital focused on trucking, acquired by Commercial Credit, Inc. in 2017, rebranded to Commercial Funding Inc. in June 2018, and continues operating from Salt Lake City, UT with a secondary office in Charlotte, NC; it employs 51-100 people and serves clients nationally.

Its core product is invoice factoring: clients sell outstanding invoices (typically eligible with monthly receivables between $50,000 and $5 million) and receive an advance of 60-90% within 24-48 hours, with the balance remitted after debtor payment net of service fees. Asset-based lending provides revolving credit secured by receivables, inventory, equipment, and/or real estate. Industry-specific variants target transportation, oil & gas, construction, manufacturing, staffing, waste disposal, and small business. The platform layer is a 24/7 bilingual (English/Spanish) client portal for invoice submission, reporting, and account management, paired with dedicated account managers for onboarding and ongoing servicing.

CFI operates a sales-led model with embedded personal account management, plus channel distribution through banker referral partners and a broader factoring referral network of attorneys, CPAs, brokers, and insurance providers. Revenue is generated via transaction fees on factored volume and interest/fees on asset-based lending facilities. The company is led by founder/CEO Dan McDonough (also CEO of parent Commercial Credit, Inc.), with Dan-founded lineage back to 2004 and no disclosed outside institutional investors. In June 2026 CFI acquired the factoring portfolio of Amegy Bank (a Zions Bancorporation division), materially extending its western and southwestern U.S. footprint.

Name

Commercial Funding

Legal name

Commercial Funding Inc.

Website

https://commercialfund.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

Commercial Funding Inc. is a U.S. private company that purchases accounts receivable from small and mid-sized businesses, offering invoice factoring, asset-based lending, DIP financing, and equipment financing across transportation, oil & gas, construction, manufacturing, and related verticals.

Ownership category

akta.pro rank

Product category

Commercial Lending / Invoice Factoring

NAICS

Other Nondepository Credit Intermediation (52229), Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Invoice Financing & Factoring (FSAKAGAC)

akta.pro secondary industry

Invoice Financing, Factoring & Receivables Management (FSAGAJAB)

Keywords

• Accounts receivable financing
• Invoice factoring services
• Asset based lending
• Small business working capital
• Freight factoring solutions

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Invoice Factoring Fees: CFI purchases invoices from clients at an advance rate (typically 60-90% of invoice value) and collects payment directly from the client's customers. The company deducts service fees and rebates the remainder to the client.
2. Asset-Based Lending: Revolving lines of credit secured by accounts receivable, inventory, equipment, and/or real estate. Generates interest income and fees on the credit facility.
3. Equipment Financing: Equipment financing offered through affiliate Commercial Credit Group Inc. (CCG) for new or used equipment purchases, leases, and refinancing.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Commercial Funding Inc. purchases accounts receivable (unpaid invoices) from small to mid-sized U.S. businesses at advance rates of 60-90%, providing immediate working capital typically within 24-48 hours. Core offerings include invoice factoring, asset-based revolving lines of credit secured by receivables/inventory/equipment/real estate, DIP financing for companies in bankruptcy, and equipment financing/leasing delivered through affiliated Commercial Credit Group Inc. Industry-specific factoring variants serve transportation, oil & gas, construction, manufacturing, staffing, waste disposal, and general small business clients.

Product overview

Commercial Funding Inc. is a full-service accounts receivable financing company offering a unified platform of invoice factoring and asset-based lending solutions for small to mid-sized businesses across the United States. The core offering is Accounts Receivable Financing (also called Invoice Factoring), through which the company purchases unpaid invoices from clients, providing immediate cash. This core platform is supplemented by Asset Based Lending (ABL) for revolving credit lines, DIP Financing for bankrupt companies, and Equipment Financing through affiliate Commercial Credit Group Inc. (CCG). The company also offers industry-specific factoring services including Freight Factoring (transportation), Oil & Gas Factoring, Construction Factoring, Manufacturing Factoring, Staffing Factoring, Waste Disposal Factoring, and Small Business Factoring. All clients receive access to a self-service Client Portal for invoice submission and reporting. The company was originally Transfac Capital (focused on transportation/trucking), was acquired in 2017 by Commercial Credit Inc., and rebranded to Commercial Funding Inc. in June 2018 to reflect its expanded multi-industry offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounts Receivable (A/R) Financing Primary service providing working capital by financing outstanding invoices; companies sell their accounts receivables to receive immediate cash rather than waiting 30-90 days for customer payment. Targets small to mid-sized B2B businesses with monthly receivables of $50,000 to $5 million.
• Invoice Factoring Factoring service where CFI purchases invoices from clients, pays 60-90% of the invoice value upfront as an advance, and collects payment directly from the client's customers, remitting the reserve balance minus service fees after collection. Serves a broad range of U.S. industries including transportation, oil & gas, construction, manufacturing, staffing, and waste disposal.
• Asset Based Lending (ABL) Revolving line of credit secured by company assets including accounts receivables, inventory, equipment, and/or real estate, used to fuel growth and improve cash flow. Generates interest income and fees on the credit facility.
• DIP Financing (Debtor in Possession) Financing solution for companies operating in bankruptcy proceedings, providing working capital during restructuring under court-supervised debtor-in-possession arrangements.
• Equipment Financing Equipment financing offered through affiliated Commercial Credit Group Inc. (CCG) covering new or used equipment purchases, leasing, debt consolidation, fleet financing, and refinancing for CFI clients.
• Freight Factoring Specialized invoice factoring for the transportation industry, enabling trucking companies to get paid faster for delivery invoices and supporting fuel, payroll, equipment, and operational expenses via CFI's fuel card program.
• Oil & Gas Factoring Invoice factoring for oilfield service companies including water/oil/sand haulers, crane operators, site prep companies, excavation firms, fabrication shops, and staffing agencies supporting the oil and gas industry.
• Construction Factoring Factoring services for construction subcontractors whose invoices are not performance-conditioned, including material haulers, site cleaning providers, portable container services, and crushing operations.
• Manufacturing Factoring Invoice factoring for manufacturers providing working capital for payroll, equipment leases, and raw material costs while waiting on long customer payment cycles.
• Staffing Factoring Factoring services for staffing agencies to cover weekly or bi-weekly payroll cycles and contractor payments while waiting for client invoices to pay at 30+ days.
• Waste Disposal Factoring Factoring for waste disposal companies with municipal or private contracts to improve cash flow from long payment cycles tied to waste collection, container services, and industrial cleaning.
• Small Business Factoring Factoring solutions for small B2B businesses including distributors, software/hardware manufacturers, and engineers, helping them avoid long B2B payment cycles. Targets businesses with monthly AR between $50,000 and $5 million.
• Client Portal Online portal for clients to submit invoices for approval, track payment status, access receivables reports, and manage their accounts 24/7. Available in English and Spanish.

Quantifiable outcome

• Funding available within 24-48 hours of invoice submission
• +3 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Zions Bancorporation, N.A. (Amegy Bank)coreStrategic or Co-development Partner · 1 June 2026CFI acquired the factoring portfolio of Amegy Bank, a division of Zions Bancorporation, N.A. The acquisition significantly expands CFI's presence in western and southwestern states. Key servicing team members were included to ensure continuity of service for existing clients.
• Commercial Credit Group Inc. (CCG)coreStrategic or Co-development PartnerCCG is the affiliated equipment financing company of Commercial Funding Inc. Through CCG, CFI offers equipment financing, leasing, and refinancing solutions to their factoring clients. CCG provides the infrastructure to manage equipment financing processes.
• International Factoring Association (IFA)minorOthersCFI is a member of the International Factoring Association, the leading industry organization providing education, resources, and standards for the factoring industry.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• eCapital: Factoring and ABL provider with strong presence in transportation and staffing verticals, serving SMBs with comparable advance rates and product structure. Like CFI, eCapital has pursued a roll-up strategy across regional factors.
• AltLine (Southern States Capital): Factoring and ABL provider with strong focus on SBA lending alongside receivables financing. Comparable SMB customer profile and product mix, with additional SBA channel that complements factoring offerings similar to CFI's ABL/factoring platform.
• LSQ (formerly Global Supply Chain Finance): Technology-enabled invoice factoring and supply chain finance platform serving mid-market and SMB clients. Comparable to CFI in receivables-based financing but differentiated by a more technology-led, automated underwriting approach.
• TCI Business Capital: Specialty finance company providing factoring, ABL, and equipment financing to SMBs across multiple verticals including transportation, staffing, and manufacturing. Highly comparable in product mix, vertical coverage, and target client size to CFI.
• Riviera Finance: National invoice factoring and ABL provider serving SMBs in transportation, manufacturing, staffing, and other verticals. Closely comparable in target market, product mix, and direct-sales go-to-market approach to CFI.
• Prestige Capital: Invoice factoring company serving SMBs across multiple industries including transportation, staffing, and manufacturing. Closely comparable business model with similar advance rates and dedicated account-management approach.
• CoreFund Capital: Factoring and ABL provider focused on SMBs with industry specialization in staffing, transportation, and manufacturing. Comparable product set and target client profile to CFI.
• Triumph Business Capital: Direct competitor in transportation-focused invoice factoring with a comparable SMB trucking client base. Operates a similar model of advancing 80-95% of invoice value and competing in many of the same freight corridors as CFI's freight factoring business.

Emerging players

• BlueVine: Fintech providing invoice factoring and lines of credit to SMBs via a fully digital platform. Competes with CFI in the SMB factoring market with a self-serve, technology-led model rather than a relationship-led model.
• Fundbox: Digital SMB financing platform offering invoice factoring and working-capital lines of credit. Targets a similar SMB customer segment as CFI but with a fintech cost structure and automated underwriting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCzvvse4A9q94EW8ETdVIzSw
• LinkedInlinkedin.com/company/commercial-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Commercial Funding