Versant Funding Provides $3MM to Educational Services Company
Versant Funding funded a $3 million non-recourse factoring facility to an educational services provider that works with several county government agencies.
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.
RMP Trade Credit announced it completed three purchase order facilities totaling $2.35 million.
Gibraltar Business Capital closed on three new credit facilities totaling $7.05 million to support several corporate carve-outs and a startup business.
Crestmark announced that for the month of September the company helped eight new clients with agreements totaling $7.65 million.
Primary Funding announced that James Richards has joined the team as vice president of Business Development. Richards will be responsible for expanding Primary Funding’s presence in the Pacific Northwest region.
Crossroads Financial announced that it has provided a $1 million inventory financing facility to a supplier of healthcare products. Crossroads partnered with Celtic Capital, the incumbent lender providing a $1.25 million receivable financing facility.
Gateway Commercial Finance said that Efrain Lopez and Barbara J. Scott have joined its growing team as director of business development and director of operations, respectively.