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News Stories (94 Results) - Factoring

Rosenthal & Rosenthal completed a $5 million joint factoring, inventory funding and purchase order financing facility to support the growth capital needs of a Georgia-based manufacturer and distributor of office furniture and products.  Founded in... Read Story
October 13, 2021, 07:20 AM

Triumph Business Capital, has appointed Rob Wright as Chief Product Officer. Wright will report to chief executive officer, Geoff Brenner.As chief product officer, Wright will be responsible for the strategy and execution of Triumph Business... Read Story
October 05, 2021, 07:45 AM

Rosenthal & Rosenthal announced a series of executive leadership changes as part of the firm’s focus on long-term strategic growth and exceptional client service. Family-owned and independent for 83 years, Rosenthal is promoting several individuals... Read Story
September 29, 2021, 08:00 AM

Great Elm Capital Corp. (GECC), a business development company, has acquired a majority equity interest in Lenders Funding, LLC (Lenders) a private funding and risk sharing source for factors and asset-based lenders.Established in 2000, Lenders... Read Story
September 21, 2021, 08:04 AM

eCapital named Amanda Rudd as SVP, Director of Business Development for its Freight Factoring Division. Rudd brings more than 13 years of expertise providing accounts receivable financing to small and large trucking companies and freight brokers.In... Read Story
September 16, 2021, 07:14 AM

The International Factoring Association (IFA) announced that after many years of advocating for the factoring community by the American Factoring Association (“AFA”), the Consumer Financial Protection Bureau (“CFPB”) has announced that its proposed... Read Story
September 09, 2021, 07:55 AM

Rosenthal & Rosenthal announced the completion of a recent $30 million inventory purchase commitment to support the production financing requirements of a California-based importer and distributor of solar panels.The company had been reflecting... Read Story
August 10, 2021, 07:14 AM

LSQ originated a $5 million facility for a growing staffing agency in Alabama.The facility helped address several strategic business needs. The agency was able to leverage their current accounts receivable to complete a management buyout— generating... Read Story
July 27, 2021, 07:10 AM

The International Factoring Association (IFA) appointed five new Advisory Board members. Members serve a two-year term and assist the IFA in broadening the public understanding of the uses and benefits of factoring. They also help design training... Read Story
July 26, 2021, 07:15 AM

Commercial Finance Partners closed over $15,000,000 in new SBA 7a Loans for Q2 of 2021.  As lending has returned to pre-pandemic levels, Commercial Finance Partners also provided over $10,000,000 in other lending facilities including accounts... Read Story
July 12, 2021, 07:44 AM

LSQ, a leading provider of working capital solutions, announced the origination of a $1.5 million factoring facility for a packaging and distribution business in California.The company specializes in beauty products and required an injection of... Read Story
July 07, 2021, 07:36 AM

Axiom Bank expanded its team with the hiring of John Wattinger as Senior Account Executive in its factoring and asset-based lending division in Dallas.Wattinger brings more than 35 years of experience in commercial, middle market, asset-based lending... Read Story
July 02, 2021, 07:43 AM

Heritage Bank of Commerce announced that the Bank continues to expand its Specialty Finance Group. The Specialty Finance Group consists of Bay View Funding’s national factoring business and the Bank’s national Asset-Based Lending (“ABL”)/Corporate... Read Story
June 30, 2021, 08:02 AM

Rosenthal & Rosenthal completed a recent $25 million factoring facility to support future growth opportunities for a major supplier of apparel and home goods.In business for more than 25 years, the company sells a range of apparel and home goods... Read Story
June 23, 2021, 07:00 AM

The International Factoring Association (IFA) released the 2021 IFA Business Profile and Performance Survey Industry Report. Now in its 15thyear, annual survey provides a snapshot of factors’ operations, client details, operating metrics, business... Read Story
June 14, 2021, 07:21 AM

Axiom expanded its team with the hiring of John Wattinger as Senior Account Executive in its factoring and asset-based lending division in Dallas. Wattinger brings more than 35 years of experience in commercial, middle market, asset-based lending and... Read Story
June 08, 2021, 07:31 AM

White Oak Commercial Finance provided a $10 million non-recourse factoring facility to an apparel retailer based in New York City. The e-commerce wholesale company provides high-quality, sustainably minded clothing to partners in the U.S. and... Read Story
May 05, 2021, 07:09 AM

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... Read Story
April 28, 2021, 07:45 AM

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... Read Story
April 22, 2021, 07:22 AM

The International Factoring Association added a bonus day of virtual programming to its 27th Annual Factoring Conference. The conference will now begin a day earlier than previously announced, on Tuesday, May 11, and run through Saturday, May 15. The... Read Story
March 29, 2021, 07:21 AM

The International Factoring Association (“IFA”), announced they have moved the 27th Annual Factoring Conference from Palm Desert, California to Phoenix, Arizona. Still scheduled for May 12-15, 2021, it is the world's largest conference dedicated to... Read Story
March 05, 2021, 07:19 AM

Axiom Bank expanded its factoring and asset-based lending division with the hiring of Mark J. Simshauser as SVP of Allied Affiliated Funding.Based on Long Island, NY, Simshauser will be responsible for expanding Allied and Axiom’s existing commercial... Read Story
March 03, 2021, 08:00 AM

King Trade Capital (KTC) was contacted by a referral partner who was hired to seek capital for a New York-based apparel brand in need of capital to fund its’ growing inventory need to fulfill growing sales.KTC was able to quickly assess the Client’s... Read Story
March 02, 2021, 07:35 AM

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... Read Story
January 19, 2021, 06:24 AM

Sterling Commercial Credit a nationwide Factoring & Asset Based Lending company based in Brighton, MI announced that Eric Gill will be joining our team as our new Senior Vice President / Sales located in Charlotte, North Carolina. Gill will be... Read Story
December 09, 2020, 08:05 AM

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... Read Story
December 07, 2020, 08:50 AM

eCapital Corp. announced it has acquired UK-based specialty lender and factoring company Advantedge Commercial Finance. The acquisition will allow eCapital to continue building out its full suite of specialty lending solutions and geographically... Read Story
December 01, 2020, 08:50 AM

eCapital Corp. has acquired the factoring portfolio of REV Finance Group Inc., an affiliate of Roly’s Trucking Inc. and R.E.G. Logistics Inc., a Los Angeles-based family of transportation, warehousing and logistics companies. Roly’s Trucking was... Read Story
August 26, 2020, 08:45 AM

Global Merchant Fund Corp., a North American provider of financial solutions for middle-market companies, announced the acquisition of Accutrac Capital Solutions Inc., a transportation factoring company that provides working capital solutions to... Read Story
March 11, 2019, 08:28 AM

Rachel Hersh, based in New York and Long Island, was promoted to Sales Director, North America at Prestige Capital Corp., a 35-year-old factoring firm based in Ft. Lee, NJ. Hersh has more than 20 years of experience in the factoring industry and will... Read Story
January 31, 2019, 10:00 AM

Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that Marc Grossman has been named executive vice president and division manager of factoring and specialty asset-based lending (ABL) in its Commercial Services Group.  The... Read Story
December 12, 2018, 07:57 AM

Merchant Financial Group, a provider of working capital solutions for innovative businesses, announced the expansion of its existing credit facility from $323 million to $372 million to support the company's growth and expansion of its financial... Read Story
July 30, 2018, 07:07 AM

U.S. businesses continued to grow in 2017, as reflected by increased borrowing during the year, the Commercial Finance Association (CFA) announced. According to the CFA’s 2017 Annual Asset-Based Lending and Factoring Survey, asset-based lending... Read Story
May 24, 2018, 08:01 AM

Lendr, a provider of flexible working capital to small- and medium-sized businesses, specializing in business finance and factoring solutions, announced the closing of a $25 million senior credit facility. MidCap Financial Trust served as the... Read Story
March 22, 2018, 07:12 AM

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... Read Story
January 31, 2018, 07:43 AM

White Oak Commercial Finance, LLC (WOCF) announced that it has provided a $15 million factoring facility to Mias Fashion, an innovative leader in the full package apparel manufacturing and global sourcing. Since 1999, Mias Fashion has efficiently... Read Story
November 02, 2017, 07:40 AM

ENGS Commercial Finance Co. (ENGS) announced that it has closed on a new revolving credit facility for its Factoring subsidiary, ENGS Commercial Capital, LLC. This new facility is with Wintrust Commercial Banking.Tania Daniel, Managing Director for... Read Story
October 03, 2017, 07:08 AM

People’s Bank of Commerce and Capital Associates, Inc., doing business as Steelhead Finance (Steelhead), jointly announced the acquisition of Steelhead by People’s Bank in a cash and stock transaction.People’s Bank is a locally owned and managed bank... Read Story
August 28, 2017, 08:00 AM

Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, announced the purchase of the business operations of Transfac Capital, Inc., thus expanding into the accounts... Read Story
August 02, 2017, 07:21 AM

Hana Financial, Inc., a non-bank specialty commercial lender, announced that it has secured a new $100 million factoring credit facility through an issuance of the Series 2017-1 Factoring Contract Backed Notes.The new credit facility by Hana... Read Story
June 27, 2017, 07:40 AM

Bibby Financial Services (BFS) North America announced that Daniel Rodrigue has rejoined the company as National Head of Sales for Factoring and Transportation for the U.S. market, a significant step toward executing BFS’s strategic growth... Read Story
April 18, 2017, 08:00 AM

Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to small and medium sized businesses, today announced the addition of Robert P. Gole as Vice President Business Development... Read Story
January 26, 2017, 07:53 AM

White Oak Global Advisors, LLC  on behalf of its institutional clients, announced today that White Oak has expanded its asset-based lending platform through the acquisition of Capital Business Credit, LLC (“CBC”), a leading commercial finance company... Read Story
December 16, 2016, 07:45 AM

Bibby Financial Services (BFS) North America announces the additions of Jeff Guldner as Chief Credit Officer and Bret Hill as Chief Finance Officer, along with the appointment of Jeff Morse to Chief Operations Officer. These new roles round out the... Read Story
December 14, 2016, 07:44 AM

Gibraltar Business Capital announced that Dave Meier has joined as Business Development Officer. Based in the company’s Northbrook headquarters, Dave will focus on the Midwest Region – including Ohio, Indiana, Michigan, Illinois, Wisconsin, Missouri... Read Story
December 13, 2016, 07:14 AM

Coral Capital Solutions, an innovative provider of financing solutions for North American medium sized enterprises, announced it has secured a $25 million senior credit facility from Wells Fargo Capital Finance, a leader in asset-based lending.  The... Read Story
November 03, 2016, 07:48 AM

Republic Business Credit has hired Thomas Harris as Senior Vice President of Business Development. As the new business team continues to expand this appointment adds depth and strength to the already cemented Midwestern presence supporting Republic’s... Read Story
November 02, 2016, 07:43 AM

Crestmark Senior Vice President, National Sales Director Ray Morandell announced the promotion of Steve Hansen to first vice president, Western Division sales manager from regional first vice president, business development officer. Hansen, who... Read Story
September 20, 2016, 07:42 AM

Heritage Global Inc., a leader in distressed and surplus corporate and financial asset valuations and transactions, announced that Marc Swirsky has been appointed to serve in a dual leadership capacity for two company divisions. Swirsky will serve as... Read Story
September 15, 2016, 07:29 AM

Bibby Financial Services (BFS) announced the appointment of Ian Watson as Chief Executive Officer of its North America business. Watson joins the North America team after previously serving for more than six years as the CEO of Asia Pacfic. During... Read Story
July 15, 2016, 08:01 AM

InMotion Global, Inc. announced that it has integrated Triumph Business Capital’s full offering of load funding services within AscendTMS, a leading cloud-based transportation management system (TMS) for trucking companies, freight brokers, third... Read Story
June 22, 2016, 07:36 AM

Prestige Capital Corporation, a nationwide factoring firm servicing small- and mid-sized businesses, announced today that Christopher Foss has been hired as Direct Sales Manager. He will be responsible for originating new business relationships with... Read Story
May 26, 2016, 07:41 AM

Liquid Capital Corp., a Canadian-founded trade finance and asset-based lending company, announced that it has entered into a purchase and sale agreement where it has acquired the assets and associated goodwill of TCE Capital Corporation, a boutique... Read Story
May 17, 2016, 08:01 AM

Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of invoice factoring solutions to small- and medium-sized businesses, announced the addition of Carol Apicella as Vice President, Business Development Officer. She will... Read Story
April 06, 2016, 08:02 AM

AloStar provided a $10 million commitment to CapFlow Funding Group Managers LLC (“CapFlow”), a commercial finance company based in Rutherford, N.J. CapFlow specializes in factoring, purchase order funding, refactoring and small, cash flow-based loans... Read Story
February 16, 2016, 08:02 AM

CIT Group announced the appointment of Louis Barone as Managing Director, Northeast Regional Sales Manager of CIT Commercial Services, a leading provider of factoring services in the United States. He will report directly to Marc Heller, Executive... Read Story
September 28, 2015, 08:02 AM

Bibby Financial Services announces the promotion of Barry Kastner to Executive Vice President, Head of Business for the company’s large business unit after being hired to lead the company’s asset-based lending platform just four months prior. The... Read Story
August 25, 2015, 07:51 AM

TAB Bank announced the addition of Rodney D. Chavez  to its business development team as vice president and business development officer.  Chavez will be responsible for sourcing new business opportunities by providing asset-based and factoring... Read Story
June 29, 2015, 07:53 AM

Sterling National Bank announced the appointment of Thomas X. Geisel as Executive Vice President and President of Specialty Finance.Geisel will lead Sterling's specialty finance teams which include Asset Based Lending, Factoring and Trade Finance... Read Story
April 28, 2015, 07:57 AM

Wells Fargo Capital Finance announced that Kael L. Peterson has been named business development officer for the Commercial Services Group, which specializes in factoring and accounts receivables management. In her new role, Peterson is primarily... Read Story
March 11, 2015, 07:47 AM

Transfac Capital, a specialty finance company providing B2B accounts receivable financing  to companies as small as a start-up and as large as a company generating $6 million in sales per month, announced Michelle Duran has returned as a vice... Read Story
February 25, 2015, 07:18 AM

Triumph Bancorp, Inc. announced it has completed its initial public offering of 6.7 million shares of its common stock at a price to the public of $12.00 per share. Triumph's common stock began trading on the NASDAQ Global Select Market on November 7... Read Story
November 14, 2014, 07:19 AM

Bibby Financial Services announced today that it has funded a $1.25 million non-recourse factoring facility for a California-based apparel manufacturer. This new business saw increased demand for private-label denim, but as a start-up had struggled... Read Story
September 22, 2014, 07:14 AM

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided $13 million of secured financing to support the acquisition of eCommission Financial Services... Read Story
September 15, 2014, 07:51 AM

Crestmark and TIP Capital have announced that they have entered into an agreement for Crestmark to acquire TIP Capital’s equipment leasing and asset management business. The acquisition is scheduled to be completed in late September 2014, pending... Read Story
September 04, 2014, 07:38 AM

CIT Group Inc. announced that it arranged and syndicated a $90 million senior secured credit facility to The Levy Group Inc., a designer, manufacturer, importer, marketer and distributor of men’s and women’s outerwear, dresses, active sportswear and... Read Story
August 19, 2014, 07:31 AM

First Capital announced the hiring of Ramsey Naber, Senior Vice President, in the Factoring Western Region.  Naber will perform the role of Portfolio and Business Development Manager throughout the Western Region and will be based out of the Los... Read Story
August 19, 2014, 07:24 AM

CapitalPlus Equity, a factoring company specializing in the construction industry, announced that Dave Amis has joined the company as Business Development Manager. In this role, Amis will be responsible for new business activities. Amis has an... Read Story
July 09, 2014, 07:48 AM

Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced seven new additions to its relationship banking teams servicing commercial middle-market clients, as part of its ongoing effort to invest in high-growth areas and deliver... Read Story
July 01, 2014, 07:44 AM

Commercial lending expert Patrick McMullan has launched ALCS Capital to provide business owners with alternative sources for the capital they need to grow or run their businesses.   ALCS leverages McMullan's 25 years of industry experience and keen... Read Story
June 17, 2014, 07:14 AM

Gibraltar announced that Eduardo (Eddy) del Rio has joined the firm as Senior Vice President, Loan Originations. Based in Miami, del Rio will be responsible for new business development for factoring and asset-based lines of credit throughout Florida... Read Story
June 03, 2014, 07:13 AM

Capital Credit, Inc. announced that Brad Beck has joined the firm to further develop their growing portfolio of accounts receivable factoring services. Beck comes with a wealth of experience within the factoring industry in underwriting and business... Read Story
June 02, 2014, 07:21 AM

Houlihan Lokey is pleased to announce the sale of Dallas-based Goodman Factors, a nationwide invoice factoring company, to Independent Bank of Memphis, TN.  Houlihan Lokey served as exclusive financial advisor to Goodman Factors and assisted in... Read Story
May 21, 2014, 07:46 AM

TAB Bank is pleased to announce it has entered into an Asset Purchase and Sale Agreement to acquire the factoring portfolio and other related assets of Anchor Funding Services, LLC of Charlotte, NC. In addition to Anchor’s factoring portfolio of... Read Story
May 21, 2014, 07:38 AM

Newtek Business Services, Inc. announced that it has attracted and retained the talents of two senior executives, Susan Streich and Harold Gartner.Harold Gartner joins Newtek as President and Chief Operating Officer of Newtek Business Credit. As a... Read Story
May 20, 2014, 07:22 AM

Bibby Financial Services announced the addition of asset based lending to its financial products portfolio. “At Bibby Financial Services we provide access to working capital through factoring, or accounts receivable financing,” said Leigh Lones, CEO... Read Story
April 03, 2014, 07:47 AM

Bibby Financial Services is pleased to announce the addition of Brian Weiner to its sales team. Weiner brings more than 20 years of experience to his new position as VP, Business Development. Most recently, he founded Protein Funding Group, Inc., a... Read Story
March 10, 2014, 07:41 AM

Republic Business Credit, LLC announces the appointment of Ron Fraser, Worcester, Massachusetts resident and career banking and commercial finance professional, to lead its new business activities in Massachusetts and the New England... Read Story
February 04, 2014, 07:53 AM

TAB Bank announced the promotion of Justin Gordon to senior vice president of Sales and Marketing.  Gordon will continue to be based out of TAB Bank’s corporate headquarters in Ogden, UT. In addition to providing oversight of all personnel... Read Story
January 13, 2014, 07:19 AM

Celtic Bank announced Scott Petty has been promoted to Vice President of Business Development in the Asset-Based Lending Group at Celtic Bank.  Petty will be focused on business development of the bank's asset-based lending and factoring programs. ... Read Story
January 07, 2014, 07:54 AM

Capital Business Credit, a globally integrated financial products and services company, announced that Martin Schnurr will join the CBC team to grow its factoring and trade finance business in the Southeast. Schnurr brings to CBC more than 35 years... Read Story
December 04, 2013, 07:51 AM

Gibraltar Business Capital announced Chris Lehnes, a 20-year veteran of small business lending, has just joined the firm's team. Lehnes will be developing new factoring and asset-based lending relationships in the Northeastern United States to help... Read Story
November 19, 2013, 07:25 AM

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... Read Story
October 30, 2013, 07:21 AM

Accord Financial Corp. announced that it has acquired a portfolio of factoring and asset-based loans from Brome Capital through its subsidiary, Accord Financial Inc. (AFI). After taking into account the acquisition, Accord's portfolio of loans... Read Story
October 14, 2013, 07:41 AM

Bloomberg reports J.C. Penney denied a report that CIT Group has stopped funding some of its suppliers. Shares tumbled when The New York Post reported that CIT ceased supporting deliveries from small manufacturers to its stores. The newspaper didn’t... Read Story
August 01, 2013, 07:53 AM

Bibby Financial Services is pleased to announce the addition of Mark Haley to its Northeast sales team. Haley brings more than 15 years of sales experience to his new role as VP of Business Development. Most recently, he was head of business... Read Story
July 24, 2013, 07:31 AM

Veritas Financial Partners successfully closed a $4 million revolving line of credit for a factoring and purchase order company in order to support its continued growth and leverage its equity base. The company is a national factor and purchase order... Read Story
May 30, 2013, 07:22 AM

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... Read Story
April 17, 2013, 08:00 AM

First Capital announced the hiring of Tom Sullivan, vice president, in the Factoring Western Region. Sullivan will be responsible for new business development throughout the Western region and will be based out of the Los Angeles office. Sullivan... Read Story
March 05, 2013, 08:08 AM

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... Read Story
February 25, 2013, 07:37 AM

Crestmark announced the acquisition of certain assets of Ultimate Financial Solutions (UFS). Located in New York City, the factoring and financial services company has been in business for eight years and provides financing to the apparel, footwear... Read Story
February 05, 2013, 07:48 AM

Crestmark announced it has expanded its services to include equipment financing. A company press release notes the move emphasizes Crestmark’s significant effort and continued focus to provide superior service to itsr customers. The opportunity... Read Story
January 31, 2013, 07:23 AM

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... Read Story
November 16, 2012, 06:52 AM

Effective November 1, 2012, Hitachi Capital America Corp. acquired the assets and operations of Michigan-based Hennessey Capital LLC, which will operate as a division of Hitachi Capital America to further improve its capability of providing... Read Story
November 01, 2012, 07:42 AM