Oxford Commercial Finance provided a $5 million asset-based line of credit to a New Jersey-based healthcare technology company that specializes in telehealth and virtual care platforms.
Oxford Commercial Finance recently provided a $3.5 million asset-based loan to a technology company in Arizona that specializes in payment technology and secured communications.
Oxford Commercial Finance, a subsidiary of Oxford Bank, expanded its line of working capital solutions for small to medium-sized businesses with the addition of purchase order financing as an add-on to the lender’s accounts receivable and asset-based loan products.
Robyn Barrett, senior vice president and managing director of Oxford Commercial Finance, a subsidiary of Oxford Bank, was named incoming president of the American Factoring Association for a two-year term.
Yerbaé Brands, a producer of plant-based energy drinks, secured a new $2.5 million accounts receivable and inventory line of credit from Oxford Commercial Finance.
During its first year in business, Oxford Commercial Finance, a subsidiary of Oxford Bank, has expanded its line of working capital solutions for small to medium-sized businesses, increased its customer base and launched a new website with resources for business owners.
Oxford Bank appointed Michael Goik, president of Oxford Commercial Finance, and Matthew Lowman, Oxford Bank executive vice president and chief risk officer, to its board of directors, effective immediately.
Oxford Commercial Finance, a subsidiary of Oxford Bank specializing in financing solutions for small to mid-sized businesses, hired Bill Kirth as a vice president and business development officer. He is based in Salt Lake City.
After more than two decades building FSW Funding, Robyn Barrett sold the prominent factoring firm to Oxford Commercial Finance this past spring. Even with the sale, Barrett is still committed to growing the company and maintaining her people, all while taking on new opportunities.
Oxford Commercial Finance, a wholly-owned subsidiary of Oxford Bank, acquired the assets of FSW Funding and hired its entire team. Robyn Barrett, owner and managing member of FSW Funding, will join Oxford Commercial Finance as senior vice president and managing director of its working capital division.