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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First Business Bank funded a $4.5 million accounts receivable factoring facility by its Accounts Receivable Financing group. The new client is a successful transportation company facing growth challenges. This facility will support the client’s...
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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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The International Factoring Association (IFA) has added a new vendor to their preferred vendor program: Decipher, a leading provider of front and middle office automation technology for factoring companies. Decipher will offer IFA members a special...
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September 13, 2021, 07:00 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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Versant Funding funded a non-recourse spot factoring transaction to a Mid-West-based software provider. This company is in the process of completing a sale to a private equity group and required cash quickly to meet its working capital needs until...
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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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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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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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Tradewind Finance completed a $5 million export factoring facility for a meat trading company that is based in the United States and has a subsidiary in Brazil. The company exports to the Middle East, South Africa, and Asia and is using the funding...
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January 19, 2021, 08:00 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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The International Factoring Association (“IFA”), the world’s largest association of commercial finance companies, announced that they have accepted Haversine Funding and FactorCloud into their preferred vendor program. Approved vendors undergo a...
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November 04, 2020, 09:05 AM
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ENGS Commercial Capital announced the recent closing of a $30,000,000 Non-Recourse Factoring Facility for an industry leading technology services company. For over forty years the company has been providing their customers with data and analytics...
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Triumph Bancorp, Inc. announced the close of the acquisition of the transportation factoring assets of Transport Financial Solutions (“TFS”) by Triumph Business Capital. Triumph Business Capital is an indirect wholly owned subsidiary of the Company....
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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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First Business Growth Funding reports a 103% increase in 2019 factoring volume over the prior year with a corresponding 85% increase in gross revenues. The group attributes the exponential growth to increased marketing activity, flexible transaction...
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February 07, 2020, 08:00 AM
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Versant Funding recently funded a $3,000,000 factoring facility for a company selling medical uniforms. Versant's Non-Recourse Factoring Facility will give the company the financial tools it needs to expand its business and achieve its goal of...
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January 16, 2020, 08:45 AM
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When a rapidly growing small business was declined by the Export-Import Bank of the United States, they leveraged Republic Business Credit’s export expertise to fund their cash flow. Republic was founded by Stewart Chesters, who emigrated from the...
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The International Factoring Association (IFA), the largest association of commercial finance companies in the world, has formed a Midwest Chapter in the United States. The chapter will provide educational programs, serve as a venue for members to...
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October 02, 2018, 08:00 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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Allied Affiliated Funding announced the following recently closed transactions:
$2,500,000 accounts receivable facility to an Oklahoma-based, certified Service Disabled Veteran Owned Small Business (SDVOSB) that provides labor in support of DoD...
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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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After seeing the devastation caused by the recent Hurricane in Texas, Jason Bush and Ryan Jaskiewicz from 12five Capital asked themselves “What can we do to help people and businesses in our Factoring community that have been affected by Harvey?”.In...
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October 04, 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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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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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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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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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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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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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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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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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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Tetra Capital, a factoring company specializing in the transportation industry, announced they recently provided factoring facilities for six new transportation companies. The factoring facilities included:
$200K for a Freight Brokerage in the...
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November 13, 2015, 07:13 AM
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CapitalPlus Equity, a factoring company specializing in commercial construction, has provided a revolving factoring facility for $261,000 to a demolition contractor in Louisiana. CapitalPlus Equity assists construction companies with their cash flow...
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November 12, 2015, 07:00 AM
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BusinessCash announces an increase in biotech supplier invoice factoring and purchase order financing deals in the 3rd quarter of 2015. The biotech industry has been struggling with threats of regulation, poor public relations and falling stock...
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October 26, 2015, 07:23 AM
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In the 3rd quarter of 2015, Paragon Financial has experienced a sharp increase in funding deals in the oil and gas industry. Rising debt payments and shrinking revenues are putting oil and gas companies in a difficult cash flow situation. As a result...
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October 21, 2015, 07:14 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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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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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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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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CapitalPlus Equity, a factoring company specializing in commercial construction, has provided a revolving factoring facility for $22,000 to a contractor doing an apartment remodel in the Midwest. CapitalPlus Equity assists construction companies with...
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November 12, 2014, 07:01 AM
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The Great Recession changed the face of the banking and finance worlds for many businesses in the apparel sector. Over this period, many business owners turned to accounts receivable factoring to access flexibility in lending and the expertise a...
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August 12, 2014, 07:20 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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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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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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The International Factoring Association (IFA) recently announced the election of four new members to its Advisory Board. Board members serve two-year terms, shape the association’s strategy and initiatives, and help fulfill the IFA’s mission to...
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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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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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Federal National Commercial Credit provided accounts receivable factoring lines to three small businesses, totaling $2.8 million. The deals include:
$2 Million Contract Financing Line for IT Consulting Firm
$500 Thousand Accounts Receivable...
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Coral Capital Solutions provided a $1 million factoring facility to an online marketing and lead generation brokerage company for working capital needs and to support growth. Unlike other Internet lead generation companies, most of the company’s...
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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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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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Paragon Financial announces factoring gained in 2012, and should continue to increase, though modestly, in the current year, according to discussions we had with several industry participants and observers.
The overall value of factoring activity...
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The North American (NYC) office of DS-Concept Factoring, an import/export trade credit firm based in Germany and established thirteen years ago, has announced several recently closed transactions.
A New York distributor who imports swing sets...
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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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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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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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Due to a strong company business model and stellar scores on the confidential franchisee review, which highlights overall franchisee satisfaction, Liquid Capital was included in the top 25 World-Class Franchise® list for the seventh consecutive year...
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January 18, 2013, 07:00 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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CIT Factoring University, a website that offers a comprehensive education-based approach to the financial service known as accounts receivable factoring, today launched "How to Manage Collections Efficiently."
This is the third in a series of...
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November 12, 2012, 08:51 AM
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