Universal Funding, an accounts receivables financing company, recently announced purchase order financing as an additional option for companies seeking commercial lending.
Veritas Financial Partners said it successfully closed a $4 million revolving line of credit for a factoring and purchase order funding company to support its continued growth and leverage its equity base.
Coral Capital Solutions provided a $3 million purchase order and factoring facility to an importer of food service products. The facility will allow the New York-based company to pursue new opportunities and provide support for future growth.
Republic Business Credit provided a $2.5 million facility to a Houston-based food processor. The business needed financing on a broad asset base to support its comprehensive growth plans.