Daily News: March 31, 2014

US Financial Launches Factoring, PO Financing

US Financial announced with the demand for export financing on the rise, USF has started a division solely dedicated to international invoice factoring and purchase order financing. USF can do trade financing in the U.S., Canada, Mexico, Asia, the Middle East, some Latin countries and all of Europe.

Columbus, OH-based USF has been doing equipment financing and factoring in the U.S. since 1998. International Equipment Financing was added in 2002 at the request of many of its European customers.

Kevin Adams, president of USF, has said: “The demand has been very high and we have already seen applications from China, Europe and the US. We feel this will help many of our existing customers and let us reach out to new customers looking to expand their international footprint almost overnight. It really was the right time to get in International Invoice Factoring and Purchase Order Financing. We are very excited about it.”