Daily News: August 19, 2014

J D Factors Closes $1.35MM in Factoring Facilities


J D Factors announced it closed six factoring facilities in the Midwest and Canada totaling $1.35 million. The transactions comprised:

  • $150,000 factoring facility to a distribution company in British Columbia
  • $100,000 factoring facility to a children’s clothing company in California
  • $150,000 factoring facility to a transportation company in Michigan
  • $750,000 factoring facility to a transportation company in Illinois
  • $100,000 factoring facility to a transportation company in Quebec, and
  • $100,000 factoring facility to a transportation company in Idaho.