King Trade Provides $1.5 Million PO Financing to Importer
King Trade Capital announced the recent funding of a $1.5 million purchase order finance commitment for a Connecticut-based importer of home furnishings.
King Trade Capital announced the recent funding of a $1.5 million purchase order finance commitment for a Connecticut-based importer of home furnishings.
FSW Funding announced the addition of Karla Gates as portfolio manager. Previously, Gates spent three years as an account executive with Bibby Financial.
Bibby Financial Services added Eric Gunther to its sales team as business development officer. In this role, Gunther will focus on New York City and the surrounding region. Gunther comes to BFS from Equinox where he held management positions and opened new markets.
Hana Financial announced that president and chief executive officer Sunnie Kim has won the Ernst & Young Entrepreneur Of The Year 2012 award for financial services in the Greater Los Angeles Region.
J D Factors completed four transactions totaling $1.35 million.
Porter Capital announced it closed five transactions in May totaling $1 million.
Crossroads Financial has provided a $300,000 inventory revolving line of credit to a stone and marble distributor. Bridgeport Capital is also providing a factoring facility.
J D Factors has completed five factoring facility transactions totaling $700,000.
Porter Billing Services announced it closed three transactions in May totaling $155,000.
Paragon Financial Group announced that it has provided a $500,000 factoring line of credit to an area rug importer headquartered in Wilmington, DE. The facility will enable the company to take on larger retail clients and grow its business.