Daily News: August 27, 2013

J D Factors Closes More Than $3MM in Factoring Facilities


J D Factors announced that it funded six factoring facilities totaling $3.75 million. The transactions comprised:

  • a $200,000 factoring facility to a wholesale company in Illinois;
  • a $100,000 factoring facility to a transportation company in Tennessee;
  • a $2 million factoring facility to a transportation company in South Carolina;
  • a $200,000 factoring facility to a communications company in North Carolina;
  • a $500,000 factoring facility to a transportation company in Quebec; and
  • a $750,000 factoring facility to a transportation company in New Jersey.