J D Factors Closes Five Transactions
J D Factors announced it completed five transactions totaling $900,000.
J D Factors announced it completed five transactions totaling $900,000.
The Singing Machine Company announced it has secured a factoring and loan agreement with Crestmark Bank. The terms of the agreement will provide the company with up to $5 million in accounts receivable financing.
RMP Trade Credit announced it closed three transactions totaling $1.5 million.
Integrated Logistics & Associates, a transportation consulting business, announced the launch of a new factoring division. The new unit will be headed by equipment leasing veteran Greg Lefebre.
Paragon Financial Group announced that it has provided a $600,000 invoice factoring line of credit to a startup metals supply distributor. The financing will enable the company to take on new clients and build their business.
Porter Billing Services, a division of the Porter Capital Group specializing in transportation funding, closed the four deals in September.
Versant Funding funded a $3 million non-recourse factoring facility to an educational services provider that works with several county government agencies.
First Capital announced it has provided a $5 million asset-based lending facility to Skyrocket Toys, a manufacturer of electronics products to the toy industry. The credit facility is in the form of a factoring agreement.
Porter Capital, a division of the Porter Capital Group specializing in A/R financing, closed two transactions in September.
Paragon Financial said it provided a $1 million invoice factoring line of credit to a New York-based food manufacturer of health-conscious snacks.