Bay View Funding announced that Bob Hinson, vice president and regional sales manager closed two transactions totaling in excess of $2 million.

Outlined below are brief descriptions of the transactions:

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