In one year since Porter Capital went from a regional company to a nationwide company, it has added three new offices to its cache of financiers throughout the United States.
Summit Financial Resources announced that Bill Bahls and Warren Powell have joined the firm as vice presidents, Business Development. Bahls is based in Philadelphia and will represent the Mid-Atlantic market. Powell is based in North Carolina and will represent the Carolinas and Virginia.
Hennessey Capital announced it has closed four transactions totaling $1.25 million.
Business Capital (BIZCAP) has secured a $2 million accounts receivable credit facility for a contractor in the Western U.S. The new line of credit is secured by progress and non-progress billed invoices and will refinance an existing bank loan and provide the company with additional working capital.
Crestmark announced it closed three transactions for new clients from July 1 to July 16.
Crossroads Financial announced the appointment of Jay Scheiner as the company’s chief operating officer (COO). Scheiner has over 25 years executive experience as a COO in multiple industries, including retail, wholesale, software and logistics.
J D Factors announced it has completed four factoring facilities totaling $3.3 million.
Porter Billing Services announced it completed six transactions in June totaling $1.425 million.
The Purchase Order Finance Group at Wells Fargo Capital Finance said it recently provided a $650,000 facility to a California-based manufacturer and importer of women’s apparel.
Paragon Financial Group has provided a $900,000 purchase order financing and invoice factoring line of credit deal to a provider of heavy equipment, such as backhoes and cranes, to the United Nations. The financing will enable the company to take on global contracts and expand.