Orange Commercial Credit provided a $100,000 factoring facility to an intermodal trucking company.
The company needed funds to meet monthly operating expenses and to hire new drivers to increase their loads and grow their business. Banks were unwilling to loan money to the young company since they were not an established business. The owners were subsequently referred to OCC by an existing client.
As OCC has extensive experience financing intermodal trucking companies, it was comfortable providing the company with a facility.
The company will use the funds for working capital in its day-to-day operations and to support its growth.
Founded in 1979 and family-owned, Orange Commercial Credit is a direct funding source offering factoring services across the U.S.
