Daily News: April 28, 2014

Liquid Capital Closes Nearly $3MM in Factoring Facilities


Liquid Capital announced nine factoring credit facilities totaling $2.85 million. The transactions comprised:

  • $100,000 factoring credit facility to a seafood wholesaler and distributor
  • $500,000 factoring credit facility to healthcare and social assistance provider
  • $300,000 factoring credit facility to a manufacturer of tarps, tents and frame kits
  • $400,000 factoring credit facility to a fiber optic contractor
  • $250,000 factoring credit facility to a standard appliance and HVAC services provider
  • $500,000 factoring credit facility to a natural gas and LP service provider
  • $450,000 factoring credit facility to a company that manufactures and sells branded consumer goods to large Canadian and US merchant stores
  • $150,000 factoring credit facility to a transportation company that needed to facilitate increasing business
  • $200,000 factoring credit facility to a start up temporary employment agency that needs liquid working capital to support contracts and payroll payments