Capital Financial Global provided an $800,000 credit facility to a non-regulated hazardous material remediation company based on the East Coast.
“This 20-year-old company had confidence in our ability to assist them with their unprecedented growth,” Paul Edward Norat, CEO of Capital Financial Global, said. “This demonstrates that there is demand for our services in a wide range of industries and without geographical constraint. Additionally, this validates our business model and is a positive sign for the long-term accomplishment of our goals. From here on, I believe the growth trajectory of our factoring portfolio will remain upward.”
Capital Financial Group acquired its invoice factoring capacity a year ago through a merger with Affiliated Funding Corporation and operates the division as part of its commercial finance division.
“Right now we have more demand for our invoice factoring services than we expected,” Norat said. “We’re seeing many stable companies looking to use invoice factoring, not only as a way to protect themselves against potential cash flow fluctuations, but also as a source of extra cash to make strategic moves driven by these new opportunities.”
Capital Financial Global is a specialty finance company that offers asset-backed financing and loan advisory services.
