FSW Funding provided a $5 million credit line (along with an accordion feature) to a California-based staffing company that was having issues with its current lender.
FSW Funding hired Nick Broderick and Morgan Hansen as business development officers to support growth and expansion in the West and East. Broderick is based in Phoenix and Hansen is based in Atlanta.
FSW Funding hired Shauna Bittinger as a portfolio analyst. Prior to joining FSW Funding, Bittinger worked as an accounting clerk for an Arizona-based electrical and communications contractor.
FSW Funding, a Phoenix-based company that specializes in financing solutions for small and mid-size businesses, promoted Ashton Bennett to the position of operations manager. Bennett will oversee the management of the factoring and asset-based lending portfolio.
FSW Funding completed a $5 million financing facility for a Rocky Mountain-based ammunition designer, manufacturer, and marketer for sporting goods products.
Factoring firm FSW Funding promoted Anthony Fortunato to the position of senior vice president, Underwriting & Credit. Fortunato will oversee the credit and underwriting process, as well as assist in managing the ABL portfolio.
FSW Funding provided a $3.5 million asset-based credit facility for a West Coast-based, family-owned and operated manufacturer and distributor.