Ocean Bank provided a $5 million factoring facility to an international distributor of paper and plastic resins. The business was referred to Ocean Bank because it needed more availability and a larger facility to keep up with ongoing growth.
“Ocean Bank excels in financing companies that need capital for growth,” Daniel Krasna, vice president and factoring business development officer of Ocean Bank, said, said. “Our customer needed financing that is tailor-made for their growth, and we are excited to be a part of their success.”
“Our ability to understand fast-growing businesses is what sets us apart in the banking and factoring world,” Rogelio Villarreal, executive vice president and head of commercial lending for Ocean Bank, said. “We are able to provide the right factoring facilities that help our customers grow.”
