Bay View Funding announced it closed $2.25 million in factoring facilities in the last three weeks.

Bay View said Bob Hinson, vice president and regional sales manager, closed the following transactions:

• A $750,000 factoring facility to a cybersecurity consulting company for working capital to support operations and business growth
• A $1.5 million factoring facility to an IT consulting company working with The Department of Defense, used for ongoing working capital and to complete an acquisition where the receivables of the target company were leveraged to close the transaction