Daily News: May 1, 2013

Transfac Expands to Ohio, Missouri


Transfac Capital, a specialty finance company providing accounts receivable funding to small and mid-sized companies, announced that it continued to expand its U.S. presence with the opening of new regional offices in St. Louis, MO and Westlake, OH.

With a geographic footprint now extending across the country, Transfac serves companies primarily operating within the oil and gas, staffing and transportation industries through its growing network of regional offices and service centers located in California, Louisiana, North Dakota, Ohio, Oregon and Utah.

Mike Schepper, marketing director at Transfac, stated, “Transfac Capital is ideally suited to address the cash flow demands of oil and gas, staffing and transportation companies due in large part to the fact that key members of our leadership team currently own and operate companies in these industries and have years of personal, hands-on experience dealing with the challenges inherent in these specific business environments. This gives Transfac unique and powerful insight and understanding when compared to other factoring firms who compete with us to provide creative funding solutions to these types of companies.”