A $500,000 full notification factoring facility has just been finalized for a growing wholesaler of seafood products based on the East Coast of Canada.The client was referred directly to Sallyport by another factor who held a long-standing...
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August 31, 2022, 05:00 AM
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Commercial Funding Inc. launched a YouTube channel and published their first educational video. The animated video, titled “CFI Explains Invoice Factoring”, provides a one-minute overview of the invoice factoring process and explains how invoice...
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July 21, 2022, 06:00 AM
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With traditional work routines reexamined and overhauled due to the COVID-19 global pandemic, employers around the world need help from temporary staffing agencies to fill gaps in their workforce and delivery systems. Republic Business Credit was...
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July 11, 2022, 08:00 AM
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Alleon Healthcare Capital closed a $400,000 medical accounts receivable factoring facility with a New Hampshire-based sober living facility operator.The Company has two facilities which provides supervised shelter services in a safe, secure...
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May 13, 2022, 06:00 AM
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J D Factors hired Jonathan Gay as Business Development Officer in Sacramento, California. Gay has extensive experience and knowledge in the factoring industry and will be responsible for generating new business in Northern California along with the...
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April 08, 2022, 08:00 AM
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On March 24, 2022, the Governor of the State of Utah signed into law the Commercial Financing Registration and Disclosure Act (the “Act”). The Act generally requires companies that provide certain commercial financing products, including accounts...
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April 05, 2022, 08:00 AM
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Franklin Capital completed a $1,000,000 factoring facility for a UK headquartered piping supplier. A broker in the UK recently connected us with a well-established UK headquartered piping supplier. The company was looking to have its U.S. operations...
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February 16, 2022, 07:00 AM
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Sterling National Bank's Commercial Services Group provided a recourse factoring facility of $2,500,000 to Web Packaging Solutions, LLC.The credit facility will provide working capital for the company’s anticipated future growth.Web Packaging...
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January 06, 2022, 07:00 AM
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Franklin Capital completed a $1,000,000 factoring facility for an apparel company. An existing client recently connected Franklin Capital with a new apparel company that had the opportunity to experience significant growth with their U.S.-made...
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November 11, 2021, 07:07 AM
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Hedaya Capital provided an advance factoring facility to an Italian Kosher Food Company, projecting $10,000,000 in sales. The company manufactures and distributes certified kosher ravioli, gnocchi, pizza, desserts, ice cream, and other food...
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October 22, 2021, 07:00 AM
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When a Los Angeles apparel manufacturing and import company sought funding for their fall and winter orders, they chose Republic Business Credit to fuel their growth. Republic approved a scalable traditional factoring facility to support their...
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October 08, 2021, 07:00 AM
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Sallyport Commercial Finance provided a $250,000 invoice factoring facility which lays the foundation for a skillful employee to realize his dreams of business ownership. “Helping an experienced foreman take the leap of faith into entrepreneurship by...
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August 30, 2021, 06:00 AM
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Franklin Capital completed a $250,000 factoring and PO finance facility for a Canadian-based apparel company.A Canadian-based apparel company focusing on sportswear and outerwear experiencing growth needed financing assistance. The company had not...
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August 25, 2021, 07:00 AM
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TAB Bank provided a $2 million lender finance facility for a factoring company in Florida. The new facility is extended through a multi-year agreement and will enable the company to pursue more aggressive growth strategies.The company provides...
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August 10, 2021, 05:45 AM
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Tradewind Finance announced that Kevin Gillespie has joined the firm as Vice President, Sales based out of Pittsburgh, PA. Gillespie brings years of experience in the factoring and larger finance industry to the role, where he will be responsible for...
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July 06, 2021, 07:09 AM
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Versant Funding funded a $3 million non-recourse factoring transaction to a supplier to the oil and gas industry. Since the energy sector has rebounded from the impacts of the pandemic, this company has experienced increasing demand for their...
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June 15, 2021, 08:00 AM
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First Business Bank closed a $2 million factoring facility by its Accounts Receivable Financing group.The client, which provides transportation services across the Midwest, previously was a client within First Business Bank’s Asset-Based Lending team...
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June 10, 2021, 07:00 AM
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Crossroads Financial provided a $1.5 million inventory revolver to a chemical processing and manufacturing company. Located in Texas, the company has been a family run business since 1970. They specialize in contract manufacturing and tolling...
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June 10, 2021, 06:00 AM
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Accord Financial announced the launch of AccordExpress Factoring, simplifying access to capital for Canadian small and medium sized enterprises (SMEs). With businesses stretched to the limit with pandemic-related debt and the costs of gearing back up...
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June 09, 2021, 08:00 AM
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Gateway Trade Funding recently funded a $1,000,000 purchase order facility for PPE that was referred by a factoring company.A factoring company had a client that previously sold cleaning products and was looking to diversify due to the pandemic. The...
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June 03, 2021, 06:00 AM
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J D Factors announced it has provided the following factoring facilities:
$150,000 to a transportation company in Texas
$200,000 to a transportation company in Ontario
$200,000 to a transportation company in Illinois
$500,000 to a distribution...
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May 24, 2021, 06:00 AM
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Triumph Business Capital appointed Amber Roy as chief operating officer. Roy will report to its chief executive officer, Geoff Brenner.As chief operating officer, Roy will be responsible for Triumph Business Capital’s day-to-day operations, ensuring...
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April 27, 2021, 08:05 AM
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The International Factoring Association has accepted CSC® into their preferred vendor program. CSC® is an expert in UCC search, filing, and monitoring for expirations and continuations. They serve thousands of financial institutions, including many...
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April 20, 2021, 06:00 AM
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The International Factoring Association (IFA) recently added Gina Mackenzie, Vice President and Business Development Officer of TAB Bank, to its Northeast Chapter Board of Directors. She will assist with the formation of the new Northeast Chapter of...
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March 31, 2021, 07:00 AM
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TAB Bank provided a $5 million rediscount credit facility for a trucking factoring company based in Michigan. The facility is based on a multi-year agreement and will provide the means necessary to grow and expand the company’s growing portfolio....
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March 24, 2021, 08:00 AM
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Milberg Factors promoted Neil R. Desai to Partner and Senior Vice President at the factoring and commercial finance firm.President Daniel R. Milberg said, “Neil’s proven excellence in managing existing client relationships, attracting new business...
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March 24, 2021, 06:00 AM
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First Business Bank announced the closing of a $2 million factoring facility by its Accounts Receivable Financing group.The client provides consulting services in the telecommunication sector and is experiencing rapid growth due to the telecom...
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February 19, 2021, 06:00 AM
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eCapital Commercial Finance announced the issuance of a $750,000 factoring facility to an industrial staffing service provider. Recently, demand in the industrial space has grown. As a result, this staffing company began to enter into a period of...
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February 17, 2021, 08:00 AM
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First Business Bank announced the closing of a $1 million factoring transaction by its Accounts Receivable Financing group.The new client provides IT staffing and consulting to large corporate customers. Although many of the client’s customers were...
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February 01, 2021, 07:00 AM
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eCapital Commercial Finance announced it delivered over $10 million in additional funding to clients with existing factoring facilities during the COVID-19 pandemic to help them meet demand for products and services. The company leveraged its...
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January 12, 2021, 08:15 AM
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Revolution Capital has acquired Atlantic Gateway Inc., a boutique factoring firm specializing in transportation factoring.The consolidation is an important step towards standardizing customer service standards across the industry. The factoring...
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January 07, 2021, 08:00 AM
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Tetra Capital has been named one of the best trucking factoring companies by FactoringClub, for the third time. Over 100 factoring companies were evaluated for the awards, and winners were selected based on contract terms, integrity, quality of...
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January 07, 2021, 07:00 AM
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eCapital, a leading alternative finance provider in North America, today announced the company has provided a $5 million factoring facility to an importer and distributor of wine and spirits. The beverage company will use the factoring facility to...
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November 16, 2020, 08:00 AM
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The IFA released the following statement: The International Factoring Association (IFA) assists the Factoring community by providing information, training, and opportunities to discuss industry issues and concerns. Right now, our biggest concern is...
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April 14, 2020, 10:00 AM
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Investment bank Cambridge Wilkinson announced it provided $150 million in factoring and purchase order funding to an unnamed telecommunications firm.
Cambridge Wilkinson arranges debt and equity capital raises from $25 million to $5 billion and...
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February 27, 2019, 08:00 AM
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Asset-based lender Thermo Credit, Inc. has provided a $2,000,000 factoring facility to 15 Rivers Ready Mix, LLC. The financing will be used as working capital to expand the newly launched cement manufacturing and distribution company, located near...
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January 22, 2019, 09:00 AM
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ASGARD Partners & Co. announced that is has advised Global Knowledge Training LLC ("Global Knowledge"), the worldwide leader in IT and business skills training, on its $10 million receivables facility.Bob Kalainikas, CFO of Global Knowledge, stated, ...
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December 18, 2018, 09:00 AM
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Robinn Mikalic, ABL expert and author of ‘The Deciding Factor’ and ‘Brokering Factoring Deals’, has joined Flexible Funding as a Senior Business Development Officer. Mikalic has extensive nationwide experience in finance and business development...
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December 13, 2018, 08:00 AM
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When a New York based investment bank referred over a recently closed buy-side engagement, Republic Business Credit provided a non-recourse facility to help the company realize its quadrupling revenue growth strategy over the next 12 months. The...
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October 29, 2018, 07:00 AM
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Rosenthal & Rosenthal, Inc., announced the completion of a recent $4.5 million factoring facility deal to increase working capital availability for a Tennessee-based provider of decorative coverings and housewares products, specializing in padding...
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October 16, 2018, 08:00 AM
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Rosenthal & Rosenthal, Inc., announced the completion of a recent $4.5 million factoring facility deal to increase working capital availability for a Tennessee-based provider of decorative coverings and housewares products, specializing in padding...
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October 16, 2018, 07:00 AM
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Versant Funding recently funded an $8 million factoring facility for a start-up tech company. Versant's Non-Recourse Factoring Facility is being used as a bridge to delay an equity raise so that ownership can leverage strong growth over the next 18...
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July 13, 2018, 07:00 AM
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BAM, a provider of fintech solutions headquartered in Atlanta, has acquired Multi Service Factoring (MSF), the freight factoring division of Multi Service Technology Solutions, Inc. (MSTS).
BAM’s specialty finance and operations platform, BAMwire™...
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June 27, 2018, 07:00 AM
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Tradewind closed a reverse factoring facility for a reputable UK-based fashion brand and retailer that sells menswear, womenswear, and accessories. Having office locations that intersect with the client’s suppliers in China, Turkey and Europe...
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May 30, 2018, 07:00 AM
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FR8 Revolution, creators of the FR8Star.com marketplace for open deck carriers and shippers, announced a partnership with Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of factoring and payment processing solutions...
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May 14, 2018, 08:00 AM
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CIT Group Inc. announced the appointment of Jerry Younts to its Commercial Services team as a senior business development officer.According to a story originally published at Textile World, Younts will be responsible for offering factoring and...
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March 02, 2018, 08:01 AM
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The Accutrac Capital Group of Companies expanded its regional territories with the addition of a new subsidiary in Utah. Centered in Park City, Accutrac Transportation Factoring Inc. is positioned to be in close proximity to the company’s growing...
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February 14, 2018, 07:00 AM
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In an effort to continue to provide quality service and financial assistance to small business owners across the United States. Meridian PO Finance is proud to announce this year's goal to fund up to $10 million per business in purchase order finance...
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February 07, 2018, 07:00 AM
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Accutrac Capital, a freight factoring company announced the acquisition of the portfolio assets of Sienna Transportation Finance. To accommodate this acquisition, Accutrac has opened doors on its first East Coast regional office in Paramus, New...
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January 11, 2018, 07:00 AM
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The International Factoring Association (IFA) has released the inaugural edition of the USA Legal Compendium for the Factoring Industry. The Compendium was compiled with assistance from attorneys throughout the U.S. and contains information designed...
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December 12, 2017, 07:00 AM
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ENGS Commercial Finance Co. (ENGS) announced that Salvatore (Sal) M. Trupiano has joined the company as Vice President, Credit and Underwriting for the company’s Working Capital Finance subsidiary, ENGS Commercial Capital.In this role, Trupiano will...
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November 15, 2017, 06:30 AM
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Liquid Capital completed seven transactions for a total of $3,550,000.
Details of the transactions follow:
$750,00 purchase finance (PFP) facility to a Dry Grocery Manufacturer in Monroe, MI to take advantage of supplier discounts.
$300,000...
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October 18, 2017, 07:00 AM
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Charlotte-based equipment finance company, Commercial Credit, Inc. taps long-time financial services operator to head new factoring acquisition.Transfac Capital, Inc., the newly acquired factoring subsidiary of Commercial Credit, Inc., has hired...
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September 07, 2017, 07:00 AM
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Bibby Financial Services (BFS) announced a $1 million factoring facility delivered to Greenline, an emerging market retail service provider with offices in Las Vegas, Nevada and Stockton, California. Referred by brand partners who are also former BFS...
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August 23, 2017, 08:00 AM
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Wirecard, a supplier of digital payment solutions and internet technology, will support the Berlin-based FinTech Billie in the digitisation of its payment processes. Billie will offer SMEs and freelancers the opportunity to pre-finance their invoices...
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August 15, 2017, 09:00 AM
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POPin Mobile Video Collaboration announced its selection by Express Freight Finance, an independent factoring company for the transportation industry, to elevate the client experience through a more innovative and secure method of virtual...
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August 09, 2017, 07:00 AM
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Bibby Financial Services (BFS) announced a $2 million factoring facility delivered to a casual apparel company based in California. The company provides outdoor and surfing-themed t-shirts and other apparel to specialty retailers and to consumers via...
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July 31, 2017, 07:00 AM
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Bibby Financial Services (BFS) is forecasting an even stronger second half of 2017 after seeing increases in funding lines provided across all business segments and successful client retention in the first half of the year. BFS’s funds employed is up...
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July 11, 2017, 08:00 AM
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Advanced Energy Capital provided a $5,000,000 financing facility for a residential and commercial solar system provider and installer giving the company working capital to grow.Founded in 2010, the Company, with their roots in construction, is now a...
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July 10, 2017, 07:00 AM
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Gibraltar Business Capital launched a video series aimed at helping small and mid-market businesses understand factoring – an invoice financing solution that enables business owners to access the working capital they need to solve short-term capital...
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June 20, 2017, 07:00 AM
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Results are in from the 2017 International Factoring Association (IFA) Independent Business Profile and Performance Survey of the Factoring industry. The survey reveals trends and industry benchmarking data on Factors’ operations, client types...
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May 17, 2017, 08:00 AM
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Coral Capital Solutions, a provider of financing solutions for North American medium sized enterprises was recently approached by a leading Connecticut-based manufacturer and importer of canvas wall art to bring more liquidity to its fast-growing...
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March 29, 2017, 08:00 AM
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ENGS Commercial Finance announced the addition of new team members to the company’s Factoring Division, ENGS Commercial Capital (‘ECC’). Joining the company are Nicole Montrone, Vice President, Sales; Leslye Campos, Vice President, Operations;...
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March 21, 2017, 07:00 AM
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Allied Affiliated Funding announced the closure of three new transactions totalling $2,650,000:
A $1,500,000 factoring facility to a digital marketing consultant for mid-size to large corporations. This company is a returning Allied client who had...
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March 21, 2017, 07:00 AM
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A factoring company in the Midwest has chosen TAB Bank for a $2.5 million revolving credit facility. The facility is extended through a multi-year agreement and will enable the company to grow their business and fund additional clients.The company...
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February 24, 2017, 07:01 AM
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Tetra Capital, a factoring company specializing in the transportation industry, announced they recently provided factoring facilities for 6 new transportation companies. The factoring facilities included:
$40,000 to a Dry Van Company in the...
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January 31, 2017, 07:15 AM
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After 20 months in development, FactoringClub is taking the wraps off its unique web platform of 84 factoring company listings in 68 cities and 26 states. Each FactoringClub.com listing contains a company description, services offered, office...
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January 12, 2017, 07:38 AM
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ENGS Commercial Finance Co., an industry leading commercial finance company with assets of nearly $600 Million dollars, announced Tania Daniel has joined the company as the Managing Director of its newly launched Factoring Division. In this role, Ms....
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January 04, 2017, 07:30 AM
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Registration is now open for the International Factoring Association’s (IFA) 23rd Annual Factoring Conference, to be held April 5-8 at the Omni Fort Worth Hotel, TX. The world's largest conference dedicated to banks and finance companies that offer...
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November 28, 2016, 07:39 AM
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P2Binvestor (P2Bi), a marketplace lender that provides growing businesses with debt capital through a crowdfunding model, has raised $7.7 Million in Series A1 funding led by Rockies Venture Club (RVC), the largest angel investor network in Colorado...
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November 16, 2016, 07:29 AM
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Sallyport Commercial Finance, LLC, closed three apparel deals in two days in October, totaling $11.5 million. All three companies have their own unique brands and are located across the breadth of the United States from California, to Massachusetts...
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November 15, 2016, 07:32 AM
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Allied Affiliated Funding announced the following recently closed transactions: $5 million accounts receivable facility to a healthcare staffing company focused on providing international students with educational opportunities working in hospitals...
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November 09, 2016, 07:24 AM
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Heritage Bank has joined forces with Fayetteville-based Diversified Funding Services, Inc., to offer accounts receivable factoring, AR/ABL credit lines and other back office managed services to businesses throughout Atlanta and the State of...
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November 03, 2016, 07:52 AM
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Crestmark secured a total of $17,945,000 in financial solutions for 16 new clients in the first half of September. The transactions are:
A $250,000 traditional factoring facility was provided on Sept. 1 to a distributor of footwear in North...
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September 16, 2016, 08:09 AM
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Crestmark secured a total of $12,046,000 in financial solutions for 14 new clients in the first half of August. They are:
A $1 million accounts receivable purchase facility was provided on Aug. 1 to a startup trucking company in Florida. The...
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August 18, 2016, 07:26 AM
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Tetra Capital, a factoring company specializing in the transportation industry, announced it recently provided factoring facilities for 16 new transportation companies. The factoring facilities include:
$25,000 to a Dry Van Company in the...
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August 18, 2016, 07:05 AM
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Crestmark secured a total of $17.6 million in financial solutions for 13 new clients in the first half of July. The transactions are:
A $4.4 million SBA 7(a) term loan facility was provided on July 5 to an independent insurance agency in Florida....
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July 26, 2016, 07:16 AM
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Allied Affiliated Funding announced the following recently closed transactions: A $1.5 million accounts receivable facility plus a $200,000 term loan to a minority-owned staffing firm. The company was a former Allied client until 2013, graduating...
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July 12, 2016, 07:29 AM
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When a Canadian distributor of a European manufacturer of innovative ground screws needed funding for large orders they turned to Gateway Trade Funding. The distributor’s products (ground screws) are used in construction to establish a foundation in...
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June 27, 2016, 08:00 AM
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Capstone announced three recently closed transactions totaling $2.55 million. Details of the transactions include:
Capstone Business Funding, LLC closed a $1 million non-recourse factoring facility of a construction subcontractor that supplies and...
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June 22, 2016, 07:42 AM
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Bibby Financial Services Canada announces a prosperous partnership with Montreal-based apparel company Miko International. The company doubled its sales during its engagement with Bibby Financial Services (BFS), using the the funding to pay suppliers...
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June 21, 2016, 07:47 AM
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Tetra Capital, a factoring company specializing in the transportation industry, recently conducted a customer satisfaction survey of it’s existing clients and received an outstanding 94% four-star rating for overall customer service satisfaction....
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June 17, 2016, 07:18 AM
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The Capital Garden has recently established an Invoice Factoring relationship with an eco-friendly lighting solutions company. The company creates, designs and installs energy efficient lighting strategies to businesses throughout the Western United...
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June 08, 2016, 07:29 AM
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Crestmark secured a total of $8.775 million in financial solutions for 14 new clients in the second half of May.
A $500,000 accounts receivable purchase facility was provided on May 19 to a parts supplier for the oil and gas industry in Texas....
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June 02, 2016, 07:22 AM
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Capstone Business Funding, LLC provided a $5 mlllion non-recourse factoring facility for a Central Texas general construction company. The company was recently acquired by management with sales of $1.5 million. Shortly after the acquisition the new...
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May 19, 2016, 07:10 AM
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BlueVine, a leading online provider of working capital financing to small businesses, announced the general availability of Flex Credit to offer small businesses a revolving business line of credit. Launched from beta, Flex Credit marks the expansion...
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April 08, 2016, 07:39 AM
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Paragon Financial Group, a 22-year-old factoring company, announces the launch of an extensive glossary of small business accounting, finance and accounts receivable factoring industry terms. The world of small business accounting, finance and...
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April 04, 2016, 07:28 AM
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Bibby Financial Services Canada celebrates ten years in business this month with a continued commitment to growth across all segments and regions of the country.With offices in seven North American cities and 16 countries across the world, Bibby...
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March 22, 2016, 07:48 AM
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CapitalPlus Equity, a financial services company specializing in commercial construction, has been awarded the Factoring Clubs 2016 Construction Factoring Company Award. Award winners were selected based on user feedback, factoring agreement terms...
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February 23, 2016, 07:26 AM
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Prestige Capital Corporation, a nationwide factoring firm servicing small and mid-sized businesses, announced they closed $18.7 million in new business transactions in late December 2015 and January 2016. “We had expected the typical holiday slowdown...
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February 02, 2016, 07:49 AM
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The International Factoring Association (“IFA”) today announced a significant increase in registrations for the 22nd Annual Factoring Conference. Registrations as of January 5th have increased 25% compared to registrations from January 2015. Now in...
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January 12, 2016, 07:21 AM
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Finacity Corporation announced that it has successfully launched a combined receivables securitization program for Papier Union GmbH ("Papier Union") and PMF Factoring GmbH ("PMF Factoring"), allowing up to EUR 100 million in funding through a...
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January 05, 2016, 07:26 AM
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Registration is now open for the International Factoring Association’s (IFA) 22nd Annual Factoring Conference, to be held April 13 through April 16 at The Fairmont Princess hotel in Scottsdale, Arizona. It is the world's largest conference...
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November 16, 2015, 07:30 AM
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Allied Affiliated Funding announced the following recently closed transactions:
$100,000 accounts receivable facility for a start-up healthcare staffing company providing anesthesiologists and nurses to hospitals and surgical centers. This...
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October 20, 2015, 07:06 AM
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Tetra Capital, a factoring company specializing in the transportation industry, recently provided factoring facilities for six new transportation companies. The factoring facilities included:
$40,000 to a Dry Van Company from the West...
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October 09, 2015, 07:17 AM
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Prestige Capital Corporation, a nationwide factoring firm servicing small- and mid-sized businesses, launched their new and more robust website at prestigecapital.com.“We recognize that people’s first interaction with us may be on the web, so we’ve...
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September 17, 2015, 07:28 AM
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Gateway Commercial Finance LLC, a national invoice factoring company, announced that it has been named to the INC 500/5000 List for the fourth consecutive year. The INC 500/5000 List annually recognizes privately-held companies in the United States...
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August 13, 2015, 07:08 AM
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Factoring Club announced today a new web platform, FactoringClub.com, for small business financing. FactoringClub.com offers more than 70 lenders, primarily invoice factoring companies, purchase order financing companies and asset based lenders....
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August 07, 2015, 07:14 AM
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Crestmark secured a total of $17,008,000 in financial solutions for 13 new clients in the second half of July. The transactions are:
On July 17, a $250,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The...
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August 05, 2015, 07:39 AM
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Tetra Capital, a factoring company specializing in the transportation industry, announced they recently provided factoring facilities for four new transportation companies. The factoring facilities included:
$25,000 to a Refrigerated Freight...
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July 13, 2015, 07:17 AM
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AmeriFactors Financial Group is celebrating 25 years of business in Orlando. The company, which unveiled a new logo and website to commemorate its anniversary, has also reached a new milestone: over $5 billion in fundings have been completed as of...
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July 09, 2015, 07:08 AM
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Crestmark secured a total of $22.1 million in financial solutions for eleven new clients in the second half of June. The transactions are:
A $250,000 accounts receivable purchase facility was provided on June 16 to a medical software and hardware...
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July 02, 2015, 07:42 AM
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Crestmark secured a total of $5.34MM in financial solutions for eight new clients in the first half of June. The transactions are:
A $300,000 SBA 7(a) term loan facility was provided on June 1 to an independent insurance agency in Ohio. The...
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June 16, 2015, 07:49 AM
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Liquid Capital, a full service trade financing company specializing in factoring has launched “International Factoring Program.” Effective immediately, the new financial solution from Liquid Capital is available to all North American banks, lenders...
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June 15, 2015, 07:51 AM
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The International Factoring Association (IFA), the largest association for the commercial finance industry, announced that four new members were appointed to its Board of Advisors. The new advisory board members will serve a two-year term and will...
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May 27, 2015, 07:44 AM
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BAM Worldwide announced the availability of a specialty asset-based lending platform for motor carriers following the successful debut of BAMwire™ in the freight brokerage and logistics industry.Slow-paying customers and slim operating margins are a...
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May 19, 2015, 07:27 AM
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Robyn Barrett, founder of Phoenix-based factoring firm, FSW Funding, will be recognized for her achievements in business at two separate award ceremonies at the end of March. Barrett was recently named one of 30 outstanding women in business by the...
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February 24, 2015, 07:08 AM
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Overnite Capital recently entered into a $200,000 credit facility, providing growth capital, with Blue Sky Wireless, L.L.C., a Florida based wholesale agent.Overnite Capital offers over three decades of commercial factoring experience in a wide range...
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February 18, 2015, 07:09 AM
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Crestmark secured a total of $14,070,000 in financial solutions for eleven new clients in the month of January. The transactions are:
A $7 million accounts receivable purchase facility was provided on January 8 to a Florida computer hardware and...
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February 11, 2015, 07:04 AM
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Bibby Financial Services announced the release of a new funding option, FastTrack. FastTrack is available to businesses seeking funds of up to $100,000 at 2.99 percent, which can alleviate day-to-day working capital pressures.Following the upload of...
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January 26, 2015, 07:33 AM
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Hitachi Business Finance, a division of Hitachi Capital America Corp., ended the final quarter of 2014 with the completion of nearly $12 million in new financing solutions, as well as $4 million in line increase requests.
Of the deals, Hitachi...
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January 16, 2015, 07:53 AM
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Allied Affiliated Funding announced it has provided a $600,000 receivables line for a Texas-based telecom business that provides cell phone tower maintenance services. The company was unable to receive traditional bank financing due to one of the...
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January 14, 2015, 07:06 AM
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Allied Affiliated Funding announced the following recently closed transactions for their smalleticket telecom division: $100,000 receivables line for a Georgia-based telecom business. This Funding By Allied enabled this small business entrepreneur to...
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January 09, 2015, 09:18 AM
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The International Factoring Association (“IFA”) has announced the launch of its bi-annual Business Profile and Performance Survey. The survey will provide trends and industry benchmarking data on factors’ operations, client types, business...
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January 09, 2015, 08:03 AM
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CIT Commercial Services, a leading provider of factoring services, launched “CIT CIS Mobile,” a mobile app designed to bring the functionality of CIT Commercial Services’ Client Information System (CIS) to iPhone® and iPad® devices.Available for...
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January 08, 2015, 07:43 AM
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Bayside Business Solutions, Inc. announced today that EBF Group is implementing CADENCE Live to administer its accounts receivable, invoice, and freight bill factoring operations. CADENCE Live provides Bayside’s premier portfolio management software...
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January 06, 2015, 07:09 AM
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Paragon Financial Group, a factoring company serving all 50 states, has introduced a new online secure factoring application that improves an already efficient process of getting working capital in the hands of its clients as fast as 24 hours. The...
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December 30, 2014, 07:16 AM
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Hitachi Business Finance, a division of Hitachi Capital America Corp., announced that 2014 proved to be another stellar year with the addition of new offices and a record number of new clients. “This past year has been one of great growth for our...
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December 17, 2014, 07:22 AM
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Tetra Capital, a factoring company specializing in the transportation industry, today announced they recently provided factoring facilities for eleven new transportation companies in November. The factoring facilities included:
$30,000 to a...
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December 05, 2014, 07:12 AM
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Bibby Financial Services announced an innovative new factoring service geared toward Canadian transportation carriers. With this new service, customers can receive advances of up to 95 percent of their invoices with an additional fuel advance.The...
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November 25, 2014, 07:38 AM
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Since 1998, US Financial Companies, an OH-based company, has been a leader in financing all types of equipment for a broad spectrum of credits. However, in 2008, at the start of the Last Great Recession, the equipment finance industry took a drastic...
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November 24, 2014, 07:06 AM
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CapitalPlus Equity announced that Karrie Inman has joined the company as Director of Client Services. In this role, Inman will be responsible for customer service and document processing. Karrie has over 9 years experience with customer relations and...
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November 18, 2014, 07:07 AM
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Overnite Capital recently entered into a $250,000 credit facility with Fabulous Floors Magazine, L.L.C., the leading consumer publisher in the floorcovering industry that publishes the quarterly Fabulous Floors and specialty publications for the...
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November 12, 2014, 07:16 AM
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Crestmark secured a total of $10.669 million in financial solutions for six new clients in the second half of October.
On October 17, a $3,919,000 asset-based line of credit and equipment term loan was provided to a Michigan automotive parts...
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November 07, 2014, 07:19 AM
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Tetra Capital, a factoring company specializing in the transportation industry, announced the firm recently provided factoring facilities for six new transportation companies. The factoring facilities included:
$200,000 to a Texas based...
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November 07, 2014, 07:02 AM
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Priming for a year of expected growth, Bibby Financial Services hires Tom Whatley as senior risk officer. Whatley previously served as Southeast Regional Director at House of Adjustments, Inc. and worked in SunTrust Bank's Factoring Division for more...
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November 04, 2014, 07:44 AM
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Registration is now open for the International Factoring Association’s (IFA) 21st Annual Factoring Conference, to be held April 15 through April 18, at The Roosevelt New Orleans hotel in Louisiana. The IFA’s Annual Factoring Conference is the...
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November 03, 2014, 07:11 AM
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King Trade Capital (KTC) announced the recent funding of a $1 million purchase order finance commitment for a Washington-based designer and importer of specialty cooking tools. After raising some initial capital from family members, this rapidly...
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October 15, 2014, 07:33 AM
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CapitalPlus Equity, a factoring company specializing in commercial construction, has provided a revolving factoring facility for $915,000 to a general contractor doing work for commercial clients located in the Northeast. CapitalPlus Equity has also...
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October 14, 2014, 07:03 AM
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Allied Affiliated Funding is pleased to announce the following recently closed transaction: A $10,000,000 receivables financing facility that closed and funded within one week of sending out the proposal letter for a full service oil and gas...
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October 13, 2014, 08:01 AM
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Hitachi Government Finance, a division of Hitachi Capital America Corp., today announced that the company completed $1.6 million in accounts receivable financing to government contractors. Of the deals, Hitachi Government Finance provided an...
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October 01, 2014, 06:52 AM
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Banjo & Matilda, Inc., an emerging Australian fashion lifestyle brand announced that it has entered into a $1.5 million trade facility with Sallyport Commercial Finance, a factoring and asset-based lending company. Banjo & Matilda will be able to...
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August 28, 2014, 07:31 AM
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Allied Affiliated Funding is pleased to announce the following recently closed transaction: A $7.5 million ledgered asset-based loan facility including a $250,000 inventory loan and a $500,000 equipment loan to a printing and direct mail company. The...
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August 04, 2014, 07:26 AM
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First Growth Capital, a division of First Capital, announced it has provided $5.5 million in working capital credit facilities during the months of May-June. The various facilities are collateralized by the client’s account receivables and inventory....
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July 16, 2014, 07:19 AM
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Bayside Business Solutions, Inc. announced that Eagle Business Credit is implementing the CADENCE Portfolio Management Platform to administer its domestic, export, and transportation receivables financing. CADENCE | Live delivers Bayside’s premier...
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July 15, 2014, 07:18 AM
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Allied Affiliated Funding is pleased to announce the following recently closed transaction: An $8 million ledgered asset-based loan facility including a $500,000 inventory loan to a computer technology distributor. The company had been financed in...
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July 11, 2014, 07:28 AM
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Crestmark secured a total of $5.5 million in financial solutions for six new clients in the second half of June. The transactions include:
On June 16, a $2,500,000 ledgered line of credit was provided to a paving company in Virginia. The funds...
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July 11, 2014, 07:18 AM
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Gibraltar Business Capital announced the following recent transactions totaling $2.25 million to borrowers in diverse industries:
Gibraltar structured a $250,000 line of credit to support the rapid growth in sales to larger chain customers such as...
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July 11, 2014, 07:05 AM
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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...
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June 30, 2014, 04:12 PM
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CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc., entered into an agreement to acquire Portsmouth, New Hampshire-based Direct Capital Corporation, a provider of financing to small and mid-sized businesses. The transaction will expand...
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June 25, 2014, 07:24 AM
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Celtic Bank announced that Richard Gaetano has been hired as Vice President of Business Development in the bank's SBA and Commercial Lending Department. He will be based in Southbury, CT.Gaetano is a 12-year veteran in the finance and banking...
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June 25, 2014, 06:53 AM
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Gibraltar Business Capital announced it recently closed four new facilities support companies from diverse sectors. The deals are:
A $1.5 million revolving line of credit for an athletic shoe designer and manufacturer. The Texas-based specialty shoe...
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June 18, 2014, 07:10 AM
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After several years of slow growth, middle-market furniture executives are feeling more optimistic about the future of their sector. According to Jon Lucas, President of CIT Commercial Services, and Mike Hudgens, Southeast Regional Manager of CIT...
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May 13, 2014, 07:11 AM
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Hitachi Business Finance, a division of Hitachi Capital America Corp., today announced that the company completed $950,000 in factoring transactions in April. Of the deals, Hitachi Business Finance closed a $100,000 factoring facility for a tier-two...
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May 09, 2014, 07:33 AM
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Commercial lending industry veteran Barry Yelton today announced the formation of Yelton Capital Network, LLC. "We wanted to leverage almost forty years of experience and literally thousands of financial connections all across the country to bring to...
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May 01, 2014, 07:09 AM
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First Growth Capital, a division of First Capital, announced today that it has provided $5.2 million in working capital credit facilities. The various facilities are collateralized by the client’s account receivables and inventory.
The companies...
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April 25, 2014, 07:39 AM
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Coral Capital Solutions announced they provided a $3 million purchase order and factoring facility to a startup designer and manufacturer of consumer products. The facility will allow the New York-based company to launch their sales in the United...
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April 23, 2014, 07:37 AM
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CapitalPlus Equity, a factoring company specializing in commercial construction, announced they provided a factoring facility for $200,000/month to a remediation subcontractor doing work for commercial clients located in the South. The subcontractor...
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April 22, 2014, 07:00 AM
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A fishing tackle manufacturing company located in the Southeast has chosen TAB Bank for a $750 thousand revolving credit facility. The company manufactures and distributes many types of lures including spinner baits, buzz baits, jig heads, balsa...
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March 27, 2014, 07:04 AM
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Paragon Financial Group announces funding programs for US oil & gas suppliers along the entire supply chain. With over 20 years funding oil & gas suppliers, Paragon Financial understands the industries involved, their specific needs and has created...
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March 25, 2014, 06:58 AM
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Big Brothers Big Sisters of New York City (BBBS of NYC), the nation’s first and New York City’s largest youth mentoring organization, today named J. Michael Stanley to its Board of Trustees.
Stanley is Managing Director and Head of Rosenthal &...
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February 27, 2014, 06:47 AM
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The International Factoring Association (IFA), the largest global association of commercial finance companies, announced that Terri Baker has joined the organization as marketing director. In her role as marketing director, she will oversee the...
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February 18, 2014, 07:56 AM
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Hitachi Business Finance, a division of Hitachi Capital America Corp., announced that they will close 2013 providing more capital to more clients than it has in previous years.“While the lending industry continues to find its footing, 2013 was a...
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December 20, 2013, 07:07 AM
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Capstone Business Funding LLC, a factoring firm for the construction industry today announced that ClearPay, its integrated working capital and business guidance program for minority-owned businesses and construction firms, has reported a 257%...
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December 18, 2013, 07:12 AM
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United Capital Funding Corp. announced that it has expanded with the opening of a new office location in Charlotte, North Carolina.Mark S. Mandula, Managing Partner of United Capital Funding Corp. noted that, “With the addition of a seasoned...
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November 22, 2013, 07:28 AM
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Crestmark closed a total of $1.6 million in financial solutions for three new clients in first two weeks of November. The deals include:
On November 1, a $750,000 ledgered line of credit facility was provided to a Georgia provider of media ink for...
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November 20, 2013, 07:14 AM
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Continental Business Credit, a factoring and asset-based lender based in Woodland Hills, CA, has completed a two-year revolving asset-based credit facility in the amount of $3.5 million for a chemical & plastics distributor based in Southern...
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November 12, 2013, 07:49 AM
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CapitalPlus Equity, a factoring company specializing in construction, announces they provided a factoring facility for $300,000 a month to a federal HVAC subcontractor located in the midwestern United States.CapitalPlus Equity assists construction...
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August 06, 2013, 10:03 AM
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Celtic Bank in Salt Lake City, UT recently closed the following purchase order, working capital financing, and non-recourse factoring transactions:
A $1.5 million SBA Contract CAPLine and non-recourse factoring line for a manufacturer and...
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August 05, 2013, 02:12 PM
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Pavestone Capital, an established commercial finance company, and Bayside Business Solutions, an industry leader in commercial finance portfolio management software, announced today that Pavestone Capital has successfully implemented Bayside’s...
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July 19, 2013, 07:29 AM
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Star Funding announced that it has provided a $4 million financing to a start-up manufacturer and distributor footwear and leather accessories. The financing facility will provide finished goods and work-in-process purchase order financing, as well...
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July 17, 2013, 07:14 AM
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Advance Business Capital expanded its already broad suite of services with a generous fuel advance program.
The program is aimed at ABC’s core market, small to mid-sized trucking companies, operators that are often strapped for working capital....
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July 09, 2013, 07:10 AM
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Liquid Capital announced Andy Meroney has joined the company and will be serving as the company’s Vice President at their U.S. headquarters in Irving, Texas. Meroney is joining the company as their business expands throughout North America.A Texas...
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June 28, 2013, 07:29 AM
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Transfac Capital, Inc., a specialty finance company providing accounts receivable financing to small and mid-sized companies, announced the expansion of its presence into the Utica and Marcellus Shale fields. Tanya Boczek, Business Development...
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June 25, 2013, 08:02 AM
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Allied Affiliated Funding announced the following recently closed transactions:
$1,500,000 credit facility and a $400,000 inventory loan to a body-building and strength-related sports nutritional supplements distributor. The company outgrew the...
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June 24, 2013, 07:04 AM
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Gateway Commercial Finance, LLC , a nationwide provider of invoice factoring announced today that the company has completed an amendment to its senior credit facility with First Tennessee Bank. “The increase in our borrowing capacity is a direct...
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May 23, 2013, 07:23 AM
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The International Factoring Association (“IFA”) announced the release of its bi-annual Business Profile and Performance Survey. The survey provides industry benchmarking data and trends on factors’ operations, client details, business development...
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May 15, 2013, 07:46 AM
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Bibby Financial Services announced it has provided a group of privately held manufacturing companies with a combined $750,000 non-notification factoring facility. The three businesses involved were factoring with another provider but turned to Bibby...
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May 03, 2013, 08:11 AM
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Exchange Capital Corporation announced that Kevin Griffin has joined the company as Executive Vice President. Griffin will be responsible for leading the Company’s efforts to develop new business relationships and provide working capital solutions to...
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May 03, 2013, 07:11 AM
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In an effort to support TCI Business Capital's continued expansion and international presence, TCI has recently promoted two employees for their significant contributions. “TCI is honored to promote these specific individuals who have been an...
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April 22, 2013, 07:57 AM
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Bibby Financial Services announced it has expanded its Bibby International Trade Finance product portfolio. To more accurately reflect the new offerings, the office here has changed its name to Bibby Financial Services (South), Inc.
Bibby Financial...
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March 21, 2013, 07:40 AM
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Gateway Commercial Finance, a south Florida based factoring company, has launched Sentinel Portfolio Solutions to support community banks who desire to lend to small businesses but lack experienced personnel or the requisite highly specialized...
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February 28, 2013, 08:04 AM
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Bibby Financial Services has funded a Miami-based textile manufacturing company that designs and produces premium quality t-shirts, fleece outerwear and sportswear for wholesalers and retail brands.
The company will use the increased cash flow to...
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February 27, 2013, 07:27 AM
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Balluun, a wholesale social commerce platform for fashion designers and retailers worldwide, and Merchant Factors announced a strategic partnership through which the firms will offer factoring services to thousands of existing and new Balluun members...
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February 08, 2013, 07:24 AM
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Crestmark secured a total of $16.5 million in financial solutions for nine new clients during the last weeks of January.
On January 14, Crestmark provided a $1,000,000 ledgered line of credit facility for a California manufacturer and distributor...
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February 06, 2013, 07:21 AM
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Allied Affiliated Funding announced the promotion of Joel Flig to executive vice president, principal. Flig originally joined Allied in January 2010 as managing director, new business for the Northeast region of the United States, where he has been...
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January 31, 2013, 07:49 AM
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Gibraltar Business Capital announced the following recently closed transactions:
GBC recently closed on three new factoring lines of credit. The first transaction is a $2.5 million factoring line of credit to the largest free circular publication in...
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January 23, 2013, 07:49 AM
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CIT Group released“Factoring in Fashion,” the latest installment in its “CIT: Behind the Deal” series of client case study testimonial videos that showcase how the lending, leasing and advisory expertise of CIT executives has helped their clients...
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December 05, 2012, 08:18 AM
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TCI Business Capital, a provider of oilfield factoring services, is proud to announce the release of their new factoring service lines specifically designed for oilfield service companies working the Utica and Marcellus Shales in Ohio, Pennsylvania...
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December 04, 2012, 07:40 AM
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Federal National Commercial Credit provided working capital financing to these small businesses, totaling $1.2 million:
$350 Thousand Line for a professional services provider to the Federal Government
$250 Thousand Line for an IT services...
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November 14, 2012, 08:18 AM
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