Versant Funding Provides $4MM Factoring Facility to Aerospace Machining Company

Versant Funding funded a $4 million non-recourse factoring facility for an aerospace machining and engineering company. The facility enabled the company to pay off an asset-based lender while also providing liquidity to meet pent-up demand.

January 20, 2021 Factoring | Versant Funding Phil Neuffer

eCapital Supplies $1.5MM DIP Factoring Facility to LED Lighting Company

eCapital Commercial Finance, a division of eCapital, provided a $1.5 million debtor-in-possession factoring facility to an industrial LED lighting company in Chapter 11 bankruptcy.

January 19, 2021 bankruptcy | Chapter 11 | Dave Ciccolo | Debtor in Possession Financing | eCapital | eCapital Commercial Finance | Factoring Phil Neuffer

eCapital Provides More Than $10MM in Factoring Facilities

eCapital Commercial Finance, a division of eCapital, has delivered more than $10 million in additional funding to clients with existing factoring facilities during the COVID-19 pandemic to help them meet demand for products and services.

January 11, 2021 David Ciccolo | eCapital | eCapital Commercial Finance | Factoring Phil Neuffer

J D Factors Provides $1.14MM in Recent Factoring Facilities

J D Factors recently provided $1.14 million in factoring facilities for seven different clients.

December 29, 2020 Factoring | JD Factors Phil Neuffer

Rosenthal Completes $2.4MM PO Facility for FL-Based Government Contractor

Rosenthal & Rosenthal completed a purchase order finance facility to support the production financing requirements of a Florida-based, minority-owned government contractor.

December 21, 2020 Factoring | Paul Schuldiner | purchase order financing | Rosenthal & Rosenthal Phil Neuffer

Versant Funding Closes $3.6MM Non-Recourse Factoring Facility for Candy Company

Versant Funding recently closed a non-recourse factoring facility totaling $3.6 million for a candy business that sells through retailers and its own online store.

December 18, 2020 Factoring | Versant Funding Phil Neuffer

Accord Financial Adds Carlson and Starr to Leadership Team

Accord Financial named Barrett Carlson senior vice president of corporate development and Eric Starr senior vice president of program operations and risk.

December 11, 2020 Accord Financial | Barrett Carlson | equipment leasing | Eric Starr | Factoring | inventory finance | Simon Hitzig Phil Neuffer

SFNet Survey Finds Total Factoring Volume Fell 8% in 2018-2019 Period

According to a survey from the Secured Finance Network, the factoring industry saw only minor changes in the 2018-2019 time period, except for a significant increase in credit losses, most likely attributable to the competitive environment through 2019.

May 8, 2020 Factoring | Secured Finance Network Phil Neuffer

CCG Taps Sala to Run Factoring Acquisition, Transfac Capital

Commercial Credit tapped financial services veteran Steve Sala to head its new factoring acquisition, Transfac Capital.

September 7, 2017 accounts receivable finance | CCG | Commercial Credit | Factoring | Steven Sala | Transfac Capital ABF Journal

Just Like McDonald’s: Factoring Franchises Offer Benefits to Entrepeneurs

Franchising offers financial service entrepreneurs the same benefits that food outlets, hotels and car repair shops currently enjoy. For an upfront investment, the franchisee receives support from the franchisor, association with a trusted brand and expanded business opportunities. David Banfield explains how factors and invoice discounters now use franchises, rather than branches, to provide clients with a local presence.

February 7, 2017 David Banfield | Factoring | Interface Financial Group ABF Journal