Daily News: June 13, 2013

J D Factors Closes $575MM in Factoring Facilities


J D Factors announced the closing of five factoring facilities totaling $575 million. The transactions consisted of:

  • a $150,000 factoring facility to a transportation company in Ontario;

  • a $50,000 factoring facility to a transportation company in North Carolina;

  • a $75,000 factoring facility to a printing company in New Jersey;

  • a $200,000 factoring facility to a transportation company in Ontario; and

  • a $100,000 factoring facility to a transportation company in Ontario.