Rosenthal & Rosenthal announced the completion of two recourse factoring transactions, totaling $5 million along with an additional $2 million purchase order financing facility. A New Jersey-based logistics company wanted to take advantage of a new...
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February 15, 2024, 07:55 AM
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Culain Capital Funding provided a $3 million accounts receivable factoring facility to a mechanical services company based in NY. The client, a veteran and minority-owned business with aspirations for growth, saw an opportunity to achieve that...
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January 26, 2024, 07:00 AM
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Gateway Commercial Finance concluded an $800K Debtor in Possession (DIP) factoring arrangement for a long-standing Midwest Distributor, which has been a family-owned business for over 20 years. This distributor faced a significant drop in revenue due...
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January 05, 2024, 07:00 AM
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Fourshore Partners announced its acquisition of Power Funding, a premier factoring company focused on the oil & gas and transportation industries.Power Funding provides working capital to the oil & gas and trucking industries through the purchase of...
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January 02, 2024, 07:59 AM
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More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain Capital. The latest is a Georgia based School Supplies company that services various schools throughout the United States...
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December 22, 2023, 07:28 AM
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Alpine Ridge Funding, a factoring commercial finance company, announced its official launch. Strategically backed with equity from Mountain Ridge Capital, Alpine Ridge is focused on originating, underwriting, and managing factoring facilities from...
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October 18, 2023, 08:07 AM
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The factoring sector began 2023 on a positive note and has continued to show resilience in an uncertain economy, according to the MidYear Factoring Industry Survey, released by the Secured Finance Network (SFNet). The survey included the Factoring...
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October 17, 2023, 07:55 AM
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FCI announced that Neal Harm will succeed Secretary General, Peter Mulroy.Neal is a US national and joins FCI from Fintainium, where he served as Chief Operating Officer. Beforehand he was Managing Director, CIT Commercial Services overseeing...
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October 09, 2023, 07:30 AM
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Based in Florida, Sullivan Commercial Painting, Inc. offers a full range of commercial painting services, from a small renovation to a warehouse or an entire roll-out. They have highly trained crews placed strategically across the country to respond...
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October 03, 2023, 06:00 AM
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Rosenthal & Rosenthal completed two factoring transactions by its West Coast office. An Arizona-based home goods and bedding company operating through wholesale channels, both domestically and internationally, was facing several challenges in the...
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September 27, 2023, 07:47 AM
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Versant Funding funded a $2,400,000 factoring facility for a commercial bakery. Versant's Non-Recourse Factoring Facility will give the company the financial tools it needs to expand its marketing efforts and increase its market share. Versant...
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August 31, 2023, 05:00 AM
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Franklin Capital completed a $1,000,000 factoring facility for a UK-headquartered construction consultant. A UK-based construction consultant was working with Branta, a corporate finance advisory practice, to grow their US operations. They lacked the...
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Accord Financial Corp. is now offering Canadian companies a fast and convenient way to obtain accounts receivables financing through the new AccordExpress Factoring Portal. The AccordExpress Factoring Portal offers financing between $500,000 and...
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The Consumer Financial Protection Bureau (CFPB) has finalized the rule to implement changes made by Section 1071 of the Dodd-Frank Act that requires lenders to collect and report information about small business credit applications. The final rule...
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Versant Funding funded a $4.5 million non-recourse factoring transaction to a MedTech company which provides services to major hospitals and pharmaceutical companies.This venture capital funded business expects to receive an Employee Retention Credit...
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February 03, 2023, 07:14 AM
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F-Tranzacts Group announced the funding of $108.2 million in non-recourse factoring transactions to a tech company involved with the sale of software & hardware to media production companies based locally and internationally. The company will make...
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February 03, 2023, 06:00 AM
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Rosenthal & Rosenthal completed a pair of factoring transactions, including a $1.75MM domestic and international non-recourse factoring deal for a leading manufacturer of antimicrobial products and a $1.5MM non-recourse factoring deal for a wholesale...
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January 31, 2023, 07:50 AM
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First Business Bank announced its Accounts Receivable Financing team recently funded a $10 million Accounts Receivable Ledgered Line facility to a client operating as a transportation brokerage. “This transaction is an example of First Business...
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January 20, 2023, 07:20 AM
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The American Factoring Association (AFA) recently filed comments with the Office of General Counsel, New York State Department of Financial Services regarding proposed rulemaking implementing S 5470-B (23 NYCRR 600) or Disclosure Requirements for...
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November 22, 2022, 07:23 AM
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Factoring.io announced the launch of its invoice and accounts receivable factoring company and the unveiling of the company's new website. This new venture will provide small businesses with the financing they need to grow and fill the invoice...
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November 21, 2022, 07:16 AM
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CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $50 million factoring facility with a West Coast consumer technology firm. CIT worked closely with the client to create a unique factoring arrangement to provide the technology...
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October 13, 2022, 07:35 AM
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Viva Capital Funding, a leading invoice factoring specialty finance company, announced closed $18.5 million of Senior Secured Notes to a group of institutional investors. The transaction was assigned a BBB rating by a nationally recognized...
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First Corporate Solutions announced a significant new partnership with Decipher Credit. The collaboration will provide joint factoring clients a secure loan application portal that integrates critical due diligence actions and expedites the approval...
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First Business Bank announces the funding of a $3 million accounts receivable factoring facility by its Accounts Receivable Financing group. Our new client operates a recycling business as well as several landfills. The facility will help augment the...
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Rosenthal & Rosenthal announced the completion of a recent combined $2.5 million asset based lending facility and $750,000 purchase order financing and trade finance program to support a fast-growing healthy foods and supplement company. The Los...
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November 22, 2021, 07:14 AM
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White Oak Commercial Finance provided a $5 million factoring facility to a Texas-based government contractor specializing in providing support services to the U.S. Government and subcontractors.The transaction was structured against the company’s...
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November 18, 2021, 07:50 AM
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The results of the Secured Finance Network’s (SFNet’s) 2020 Annual Factoring Survey have been released. Between 2019 and 2020, the factoring sector experienced unprecedented declines in volume (as did most secured financing) and the highest level of...
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White Oak Commercial Finance delivered a $3 million recourse factoring facility to a factor that provides funding to the trucking and transportation industry.The company has been in business since 2015, and the funding was secured against its...
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eCapital Commercial Finance (“eCapital”), a division of eCapital Corp. provided a $1.5 million debtor in possession (DIP) factoring facility to an industrial LED lighting company in Chapter 11 bankruptcy. The company will utilize the factoring...
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January 19, 2021, 06:24 AM
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eCapital Commercial Finance, a division of eCapital Corp., a leading North American alternative financing solution provider for small and medium businesses, today announced it has provided a $2 million factoring facility to a hard seltzer provider to...
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December 07, 2020, 08:50 AM
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Express Trade Capital, Inc., is pleased to announce a $3MM factoring facility to support the rapidly increased sales and high velocity production required for a ‘women owned’, sustainable and natural skincare/haircare brand based out of Frisco, Texas...
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October 21, 2020, 08:30 AM
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North Mill Capital closed a $15,000,000 Accounts Receivable Factoring Facility to provider of oral and personal hygiene products.The funds were used to pay off the previous lender and provide additional working capital to support the Company's growth...
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Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $15,000,000 to Baron Finance California Inc. The credit facilities will provide financing for working capital for the company going forward.Founded...
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November 06, 2019, 08:50 AM
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Hana Commercial Finance, Inc., the factoring and trade finance subsidiary of Hana Financial, Inc., announced that it has closed a new factoring credit facility through the issuance of $100 million of Series 2019-1 Factoring Contract Backed Notes. The...
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Rosenthal & Rosenthal, Inc., an independent factoring, asset based lending and purchase order financing firm, announced the completion of a deal to acquire the domestic factoring portfolio of BB&T Corporation, one of the largest financial services...
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January 31, 2018, 07:43 AM
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First Capital has entered into a factoring agreement with YS Garments, Inc., dba Next Level Apparel. First Capital will be providing collections and credit guarantee services for YS Garments.
First Capital was chosen as the factor due to its ability...
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October 30, 2013, 07:21 AM
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Hennessey Capital, a division of Hitachi Capital America Corp., announces the launch of its new FactorFinance product. The program provides factoring companies access to working capital lines of credit and ancillary credit support services.Mike...
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Caught in a cash squeeze, emerging media companies are borrowing against their receivables to gain working capital. CFO staff writer David Rosenbaum outlines one media company’s odyssey in securing financing to expand its business.
Rosenbaum...
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February 25, 2013, 07:37 AM
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First Business Financial Services announced that through its asset-based lending company, First Business Capital, it has entered the factoring business with the hiring of a team of three experienced factoring professionals. The business will operate...
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November 16, 2012, 06:52 AM
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