Exchange Capital Corporation announced that it recently closed a $300,000 relationship to facilitate growth and to provide ongoing working capital for an Arkansas oil field service company.
"This transaction is an example of how accounts receivable financing can be a beneficial alternative for growing companies" said Kevin Griffin, Executive Vice President of Exchange Capital. Exchange Capital Corporation is privately held and located in Conway, Arkansas.
Established in 1991, the firm provides accounts receivable management and factoring services to clients throughout the United States.