First Business Bank’s accounts receivable financing group closed a $2 million factoring facility for a client that provides consulting services in the telecommunication sector and is experiencing growth due to the expansion of 5G services.
LSQ recently originated a $10 million factoring credit facility within an expedited timeline for an Amazon vendor. The business, which reported a doubling in year-over-year sales growth, experiences seasonal boosts in demand for its fitness, health and recreational products.
Pathway Capital closed a $3.5 million non-notification factoring facility for a startup specialty hauling company based outside of Houston and a $7 million senior secured revolving credit facility to a regional trucking and warehousing company in New Jersey.
Versant Funding funded a $4 million non-recourse factoring facility for an aerospace machining and engineering company. The facility enabled the company to pay off an asset-based lender while also providing liquidity to meet pent-up demand.
Tradewind Finance completed a $5 million export factoring facility for a U.S.-based meat trading company. The company has a subsidiary in Brazil and exports to the Middle East, South Africa and Asia. Funds will be used to support its growth.