Daily News: June 25, 2013

Transfac Brings Invoice Financing to Utica, Marcellus Shales Fields

Transfac Capital announced the expansion of its presence into the Utica and Marcellus Shale fields. Tanya Boczek, business development manager of Transfac Capital, will lead business development efforts in Ohio, Pennsylvania and West Virginia pursuing relationships within the oil and gas industry.

Transfac Capital’s accounts receivable financing provides working capital for businesses in need of improved cash-flow. Oilfield service companies, such as drillers, haulers, tank cleaners and testers, often find themselves in a cash crunch. Transfac is a direct source of funding for these and other similar type businesses.

Mike Schepper, marketing director of Transfac Capital, stated, “Transfac understands the importance of having a ‘boots on the ground’ mentality when working to offer financial services to the oil and gas industry. Tanya gives Transfac the ability to offer our services through a direct and personal approach. Her knowledge of the industry, along with her experience handling the funding needs of small businesses, are notable strengths that Transfac will use to propel our company’s expansion efforts into the Midwestern Tri-State region.”

“The Utica Shale, which sits below the Marcellus Shale, lies under most of New York, Pennsylvania, Ohio and West Virginia, and has the potential to become the largest natural gas play in the world. As a result, the business opportunities to be gained in this region are staggering. Transfac Capital intends to become a leader in providing working capital funding to the energy industry in the tri-state region,” said Boczek.