Daily News: November 13, 2013

RMP Provides $200,000 in Factoring Deals


RMP Capital announced that it recently provided the following factoring deals:

  • a $30,000 purchase order facility for an importer of telescopes in Kansas. The customer is well-known big box retailer. RMP Trade Credit is buying the merchandise through the use of letters of credit. A factor in North Carolina is financing the A/R in the deal.
  • a $170,000 purchase order facility for a closeout wholesaler of cosmetic closeouts in Canada. The customers are well-known large distributors. RMP Trade Credit buying the merchandise through wire to the supplier. A factor in Toronto is financing the A/R in the deal.