Porter Capital announced it closed three factoring facilities in June totaling $1.35 million.

Presidential Financial announced it closed three accounts receivable and inventory credit facilities totaling $10.5 million.

Gibraltar Business Capital said it has completed three transactions totaling $2.3 million.

GE Capital’s Commercial Distribution Finance business said it has agreed to provide electric motorcycle maker Brammo with inventory financing to support the expansion of its dealer network in the U.S.

Crossroads Financial announced that it has provided a $400,000 inventory financing facility to a stone and marble distributor. Bridgeport Capital Funding is providing the client with a $750,000 factoring facility in conjunction with the financing provided by Crossroads.

Fordham Capital Partners announced that it has provided a $2 million factoring facility to a Chicago-based manufacturer of steel cabinets and telecommunications enclosures.

RMP Trade Credit announced it completed three transactions totaling $1.8 million.

As the financial sector begins to pick itself up and dust off the fallout of the past few years, factoring companies are seeing an uptick – albeit a cautious one – in activity. Industries providing that uptick include energy, distribution, IT and temporary staffing.

CIT announced the launch of Factoring University (CITFactoringUniversity.com), a first-of-its-kind website that offers a comprehensive education-based approach to the financial service known as accounts receivable factoring.

J D Factors announced it has completed four factoring facilities totaling $1.450 million.