Transfac Capital said it has acquired the nickname “Transfrac Capital” in the oil and gas industry. The word “frac” is derived from “fracking,” which is part of the process of recovering oil and gas from an oil shale.
Labor SMART secured a $2 million facility with Transfac Capital. The facility supplements working capital during times of rapid growth and expansion.
Transfac Capital announced, pursuant to its service commitment to businesses in the Utica and Marcellus Shale plays, that the company welcomed Richard Moore to its Business Development Group.
Transfac Capital announced the continuing growth of its specialized services and programs, designed specifically for small trucking companies with one to five trucks.
Transfac Capital announced the expansion of its presence into the Utica and Marcellus Shale fields. Tanya Boczek, business development manager, will lead business development efforts in OH, PA and WV.
Transfac Capital opened a new sales office in Cleveland, OH, which will be represented there by Tanya Boczek. Previously, Boczek worked for Amerisource Funding and LSQ Funding.