Daily News: May 30, 2014

Liquid Capital Announces Nearly $5MM in Factoring Deals


Liquid Capital announced it closed 12 factoring transactions totaling $4.8 million. The facilities comprised:

  • $1.7 million factoring credit facility to a manufacturing company in Texas
  • $200,000 factoring credit facility to a company that conducts scientific research and development services based in Florida
  • $250,000 factoring credit facility to a company in wholesale trade in Florida
  • $100,000 factoring credit facility to a company in marketing of the biodegradable products
  • $300,000 factoring credit facility to a Canadian distributor of bicycle parts and related race equipment/ accessories
  • $100,000 factoring credit facility to a promotion product distributor in Canada
  • $250,000 factoring credit facility to an established transportation company located in Canada that provides services in Canada and the U.S.
  • $250,000 factoring credit facility to a company that makes and supplies pre-packaged sandwiches and salads to university cafeterias and hotels in Toronto, Canada
  • $250,000 factoring credit facility to a company that provides hauling and trucking services on oilfield to finance growth and current payments
  • $1 million factoring credit facility to a prime metal products manufacturing company that needs funds to increase liquid working capital and to support growth
  • $200,000 factoring credit facility to a new freight trucking and broker company in California that needs factoring and QucikPay program to support a growing start up business
  • $200,000 factoring credit facility to a trucking company located in South Dakota who needed a reliable factor and personalized care.