Marco Provides $200K Factoring Facility for Accern
Accern completed a $200,000 factoring facility with Marco in order to boost cash flow and elevate its business.
Accern completed a $200,000 factoring facility with Marco in order to boost cash flow and elevate its business.
J D Factors provided $10.2 million in new factoring facilities to 28 new clients in the U.S. and Canada during the month of September.
First Business Bank’s accounts receivable financing team funded a $1 million factoring facility to a software development company. The new client specializes in developing software solutions that enhance the automation and efficiency of its customers.
First Citizens Bank’s CIT Commercial Services subsidiary recently closed three major client financing transactions, including a $50 million factoring facility, as well as working capital facilities totaling over $16 million.
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).
J D Factors provided $10,650,000 in new factoring facilities to 26 new clients in the U.S. and Canada during the month of September.
United Capital Funding Group, a Florida-based factoring firm, completed nine transactions totaling $7.15 million in accounts receivable financing in Q3/23.
nFusion Capital extended a $2 million factoring line of credit to Sullivan Commercial Painting, a Florida-based commercial painting company.
First Business Bank’s accounts receivable financing team funded a $2.5 million factoring facility for a client operating as a smart bus platform.
Rosenthal & Rosenthal’s west coast office completed two factoring transactions for a home goods company and a footwear e-tailer company.