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.
FactoringClub recognized 16 factoring companies as winners of their 2019 Best Factoring Company Awards. Over 100 FactoringClub sponsors were evaluated on contract terms, customer service and company leadership.
Super G provided a $1 million second lien term loan for a privately-owned wholesaler of licensed toys, collectibles and housewares.
FSW Funding hired Anthony Fortunato as an underwriting manager. Fortunato will oversee the underwriting process as well as manage the asset based lending portfolio.
FSW Funding hired Lucas Miller as a portfolio analyst. Miller will manage client accounts, analyze funding transactions to minimize risk and expand the company’s client base.
FSW Funding, a Phoenix-based company that specializes in helping small and mid-size businesses with their cash flow needs, hired Adam Keck as a senior business development officer covering the Southwest markets.
The International Factoring Association added four new members to its eight-member board of advisors for two-year terms. Each member is an executive from a commercial finance company.