Daily News: March 9, 2012

Savtira Secures $1.7M Accounts Receivable Line From AmeriFactors

Savtira Corporation, a provider of B2B Cloud Commerce solutions, announced the company has agreed to terms with AmeriFactors on a $1.7 million accounts receivable line that will help Savtira garner more share of the enormous e-commerce market.

AmeriFactors, an Orlando, FL-based company for more than 23 years is a collaborative proponent of startup businesses, supporting their cash-flow needs and growth through non-recourse accounts receivable financing.

“They are the right partner at the right time,” said Timothy M. Roberts, president and CEO of Savtira. “AmeriFactors enables visionary companies like Savtira to move quickly when growing and developing internal infrastructures.”

Savtira is a Software-as-a-Service (SaaS) Cloud Commerce solutions company poised to inject new life in to large e-tailers, traditional retailers, computer OEMs, cable operators, broadcast affiliates, publishers, content developers/distributors and other Fortune 500 companies.

“We look forward to assisting Savtira as the company continues its rapid growth,” said Kevin Gowen, founder and president of AmeriFactors. “It’s always a pleasure to have the opportunity to finance a fast growing company like Savtira, to help them in reaching their goals.”