Daily News: September 15, 2014

TCF Capital Provides Financing to Support eCommission Buy

TCF Capital Funding announced that it provided $13 million of secured financing to support the acquisition of eCommission Financial Services by Pennsylvania-based private equity firm Milestone Partners.

eCommission is an established company in the real estate commission factoring industry. eCommission purchases commissions from real estate agents and brokers to help them better manage their business cash flow.

“Given Milestone’s experience in financial services and eCommission’s leading position in this space, we are thrilled to support the continued growth of the company,” said TCF Capital Funding senior vice president Jim Kuncl.