Gateway Commercial Finance Gets INC Award
Gateway Commercial Finance reported 2012 was its most productive year to date and noted its acceptance of the Inc. award for America’s Fastest Growing Private Companies ranking 157th in financial services.
Gateway Commercial Finance reported 2012 was its most productive year to date and noted its acceptance of the Inc. award for America’s Fastest Growing Private Companies ranking 157th in financial services.
Crestmark acquired certain assets of NYC-based Ultimate Financial Solutions. UFS, a factoring and financial services company, provides financing to the apparel, footwear and retail supply chain industry.
Republic Business Credit provided a $2.5 million facility to a Houston-based food processor. The business needed financing on a broad asset base to support its comprehensive growth plans.
Celtic Bank closed a $5 million SBA working capital CAPLine for a metals manufacturer and wholesaler located in Philadelphia, PA. The working capital line provides for advances on eligible accounts receivable up to 80%.
Bibby Financial Services announced that Michael Kerdman joined the Montreal team as operations manager. Previously, he was manager, risk assessment at TCE Capital and field auditor at Accord Financial.
The International Factoring Association entered into a cooperative agreement with the Colombian Association of Factoring. The shared goal is to assist banks, finance companies and users of alternative financing services.
During the first two weeks of December a total of $6.55 million in financial solutions was secured for seven new Crestmark clients.
Star Funding provided a $5 million accounts receivable factoring facility to a commercial solar projects installer.
Star Funding provided $15 million financing to a consumer electronics manufacturer and distributor. The facility will be used to provide purchase order finance and accounts receivable factoring.
Joseph Kiefer joined Bibby Financial’s Midwest team as VP Business Development where he will serve Ohio, Kentucky and Indiana. He has previously worked at LSQ Funding Group and Culture Current Research.