Transfac Capital Changes Name to Commercial Funding

National provider of invoice factoring and A/R financing Transfac Capital changed its name to Commercial Funding. The change included the launch of a new website.

Transfac Hires Hogg to Launch Transportation Group

Transfac Capital created a new group focused solely on serving the transportation industry. The company hired Jefferey Hogg as the first regional vice president for the group.

Wells Fargo Vet Vargas Joins Transfac Capital

Transfac Capital hired Joseph Vargas as collections manager. Vargas most recently served as collection supervisor in the dealer services department at Wells Fargo in Salt Lake City.

CCG Taps Sala to Run Factoring Acquisition, Transfac Capital

Commercial Credit tapped financial services veteran Steve Sala to head its new factoring acquisition, Transfac Capital.

Transfac Capital Hires National Sales Manager

Alternative lender and factor Transfac Capital said it has hired TJ Gill as national sales manager.

Transfac Capital Names Duran to Business Development Team

Transfac Capital announced Michelle Duran has returned as a VP of business development. Duran has been a commercial finance professional for more than 10 years.

ESP Resources Establishes Transfac Facility

ESP Resources, an oil and gas services company, announced its wholly-owned subsidiary, ESP Petrochemicals, entered into a factoring agreement up to $4 million with Transfac Capital.

Transfac Capital Closes 14 New Deals in Q1/14

Transfac Capital announced it closed 14 specialty finance transactions in the first quarter, ended March 31, 2014.

Transfac Capital Appoints Hamel as BDO

Transfac Capital announced it appointed Steve Hamel as BDO, responsible for leading the company’s efforts to increase its marketshare of the oil and gas sector in the North Dakota Bakken and surrounding states.

Transfac Capital Expands Headquarters to Support Growth

To support the rapid growth of its account receivable financing lines in key U.S. commercial markets, Transfac Capital expanded their corporate headquarters in Salt Lake City.