eCapital provided a $5 million factoring facility to an importer and distributor of wine and spirits. The beverage company will use the factoring facility to support its new imported product available for purchase from retailers such as Costco.
CoreFund Capital recently facilitated an increase to the credit facility for a global logistics and freight forwarding company. The initial credit line provided to the client on May 31 was increased from $12 million to $25 million on Nov. 2.
Commercial finance and invoice factoring company Prestige Capital Finance delivered a $5 million factoring facility to a Southeast-based company that focuses on the manufacturing and assembly of corrugated retail displays.
eCapital, a North American alternative finance provider, funded two factoring facilities totaling $3.9 million, including a $3 million factoring facility to a distributor of consumer electronics products and a $900,000 factoring facility to a veteran-owned temporary staffing agency.
In October, CapitalPlus Construction Services, a provider of accounts receivable financing for the construction industry, completed $2.3 million in transactions, including a $1.5 million construction factoring facility for a civil engineering firm in Texas.
Fast AR Funding provided a $150,000 selective recourse factoring facility without any contracts, minimums or start-up fees to a West Coast apparel brand that needed a factoring partner to support its growth in 2020.