Marco Financial, a Miami-based financial technology and trade finance company, added Chip Scoggins, Carlos M. Herrera and William C. Avedon to its business development team.
Marco Financial established a factoring facility for a processor and marketer of Persian limes grown and processed on farms located in the company’s Veracruz, Mexico, facility and distributed from its facility in Pharr, TX.
For its next monthly livestream event of 2021, ABF Journal will gather a panel of experts from Gerber Finance, Marco Financial and PNC Business Credit to discuss the evolving art of business development on April 29 at 3 p.m. EST.
Marco Financial established a $600,000 factoring facility for a New York-based staffing company that provides temporary personnel to global technology firms.
Marco Financial delivered a $2 million expandable receivables-based finance facility for a Midwestern domestic distributor of personal protective equipment.
Marco Financial established a $750,000 factoring facility for a New York-based staffing company specializing in providing law firms with temporary legal personnel.
Marco Financial provided an international trade finance facility totaling $9 million to Spectralink Corporation, a Boulder, CO-based portfolio company of Sun Capital Partners and provider of on-site enterprise mobile communication solutions.
Trade Finance Solutions funded a $3 million ABL revolving credit facility for a New York-based manufacturer of jewelry and other consumer products.
Barry Kastner, formerly executive vice president and head of ABL at Bibby Financial Services, joined Trade Finance Solutions as senior managing director and national business development director.
ABL veteran Barry Kastner talks about his plans to expand Bibby Financial Services’ ABL offerings. After spending several years working with big banks and entrepreneurial companies, Kastner says Bibby’s family-owned, people-focused culture makes him feel like he’s flown back to the future and found his perfect new home.