Commercial Finance Partners (CFP), a Boca Raton-based factor and debt advisor, closed five new accounts receivable factoring facilities in a five-day period, representing approximately $4.4million in direct balance-sheet commitments. All five transactions were originated, underwritten and funded by CFP.
Aerospace Parts Manufacturer: CFP closed a $1.5 million factoring facility for a precision metal manufacturer serving the aerospace industry. The facility supported the company’s carve-out from its parent holding company and was structured and funded on an accelerated timeline to align with the acquisition closing.
Industrial Cooling Products Manufacturer: CFP closed a $1.5 million factoring facility for a North Carolina-based manufacturer and distributor of industrial portable cooling units. The company is operating as a newly formed entity following an Assignment for the Benefit of Creditors (ABC) process and serves a national customer base of large industrial wholesalers.
Marine and Shipyard Repair Services Provider: CFP closed a $750,000 factoring facility for a veteran-owned marine and shipyard repair services provider, refinancing the company’s incumbent bank-owned factor following covenant defaults under the prior facility. CFP completed underwriting and funded on an expedited timeline to bridge the company through the lender transition.
Electrician Staffing Company: CFP closed a factoring facility for a specialized labor staffing company, with a $500,000 facility to refinance the company’s incumbent factor and support ongoing working capital needs.
Contract Bakery: CFP closed a $150,000 factoring facility for a Missouri-based contract bakery. In addition to its contract manufacturing operations, the company provides employment for adults with disabilities. The facility will support working capital needs and enable the company to take on larger customer orders.
“Closing five facilities in five days reflects both the depth of our underwriting team and the flexibility of having our own balance sheet to deploy,” John Buanno, president of CFP, said. “We’re equally proud to support a veteran owned staffing company and a facility for a contract bakery that employs adults with developmental disabilities.”
