Trade Finance Solutions, a provider of domestic and international financing solutions, announced it closed $67 million in new business transactions in the third quarter of 2015.
The following transactions closed in the third quarter of 2015:
- $20 million asset-based facility to a Florida-based factoring company which provides supply chain financing products
- $5 million factoring facility provided to a major New York-based diamond distributor
- $1.5 million purchase order facility to a major U.S.-based distributor of fresh fruits exporting to Latin America
- $3 million supply chain finance credit facility to a Dominican Republic-based poultry producer importing agricultural commodities from the U.S.
- $5 million supply chain finance credit facility to a Honduran-based wholesaler and distributor of electrical infrastructure components importing from the U.S.
- C$3 million factoring facility for an Alberta-based maintenance and service provider
- C$2 million asset-based facility for an Alberta-based maintenance and service provider
- $10 million asset-based facility for a Texas-based distributor in the oil and gas industry
“We’re excited to be able to help a broad range of companies realize their trade goals and take advantage of new opportunities around the world,” said Bruce Sim, senior vice president of TFS.