J D Factors Completes Five Factoring Transactions
J D Factors announced it has closed five factoring facilities totaling $525,000.
J D Factors announced it has closed five factoring facilities totaling $525,000.
Prestige Capital announced it has completed ten transactions so far in 2012.
Brookridge Funding has announced that David Seelenfreund has joined the company as vice president sales for purchase order funding.
Porter Capital Group said its Porter Billing Services and Porter Capital Corporation divisions closed a total of seven factoring deals in February for an aggregate amount in excess of $3 million.
Republic Business Credit announced it provided a $2 million receivables purchase facility for a MS-based equipment distributor.
Presidential Financial said it closed three transactions for an aggregate amount of $8 million encompassing a provider of power mobility equipment, a media publication company and a manufacturer of frozen Italian ice products.
Paragon Financial Group provided a $500,000 accounts receivable financing line of credit to an importer and wholesaler of seafood. The facility will provide ongoing working capital, enabling the company to expand.
Gibraltar Business Capital said it has acquired Greenfield Commercial Credit. To finance the acquisition, Gibraltar received additional equity investments from its current shareholders, CCCC Growth Fund and Satori Capital, and a material increase in its debt facility led by Wells Fargo Capital Finance.
Savtira, a provider of B2B Cloud Commerce solutions, announced it has agreed to terms with AmeriFactors on a $1.7 million accounts receivable line.
King Trade Capital announced the recent funding of a $3 million purchase order finance commitment for a New York City-based importer of household appliances.