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News Stories (26 Results) - Factoring

North Mill Capital, a wholly owned subsidiary of Solar Senior Capital, announced the acquisition of Summit Financial Resources, a provider of factoring services across the U.S. Founded in 1994 and based in Salt Lake City, UT, Summit has built a... Read Story
August 13, 2019, 07:20 AM


The Commercial Finance Association Education Foundation, soon to become the Secured Finance Foundation, announced the findings of a comprehensive study of the scope and impact of the secured commercial finance market in the U.S. The 2019 Secured... Read Story
March 08, 2019, 07:10 AM


Hitachi Business Finance announced Scott Brown has joined its business development team, concentrating his efforts on attracting new factoring and asset-based lending clients across the United States.Brown is based in the Atlanta region and is... Read Story
July 20, 2018, 07:20 AM


Transfac Capital, Inc., a national provider of invoice factoring and accounts receivable financing, a subsidiary of Commercial Credit, Inc., has changed its name to Commercial Funding Inc. The change includes the launch of a new website... Read Story
June 05, 2018, 07:16 AM


Accord Financial, Inc. announced the promotion of Terry M. Keating from Executive Vice President to President and CEO. Since joining Accord—the Greenville, S.C.-based ABL and factoring unit of Accord— in March 2014, Keating played a major role in... Read Story
May 09, 2018, 07:20 AM


ENGS Commercial Finance Co. (‘ENGS’) announced that Salvatore (“Sal”) M. Trupiano has joined the company as Vice President, Credit and Underwriting for the company’s Working Capital Finance subsidiary, ENGS Commercial Capital (‘ECC’).In this role... Read Story
November 15, 2017, 06:43 AM


ENGS Commercial Finance Co. (“ENGS”) announced today that it has closed on a new revolving credit facility for its Factoring subsidiary, ENGS Commercial Capital, LLC. This new facility is with Wintrust Commercial Banking.Tania Daniel, Managing... Read Story
October 03, 2017, 07:00 AM


Transfac Capital, Inc., the newly acquired factoring subsidiary of Commercial Credit, Inc., has hired Steven Sala to head the Salt Lake City-based company. Sala will hold the title of Senior Vice President and will oversee all operations of Transfac... Read Story
September 07, 2017, 07:09 AM


ENGS Commercial Finance Co. (‘ENGS’) announced that T.J. Gill has joined the company as Vice President, Business Development Manager to the company’s Factoring subsidiary, ENGS Commercial Capital (‘ECC’).In this role, Gill will focus on establishing... Read Story
August 24, 2017, 07:00 AM


Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG) announced the purchase of the business operations of Transfac Capital, Inc., thus expanding into the accounts receivable factoring business. With the closing of the... Read Story
August 02, 2017, 07:10 AM


ENGS Commercial Capital, a division of ENGS Commercial Finance Co. (“ENGS”), announced that it closed on a $2.5MM factoring facility in the staffing space for an agency that provides skilled labor to the construction industry. In the last 90 days... Read Story
June 27, 2017, 06:57 AM


ENGS Commercial Finance Co. (‘ENGS’) has announced the expansion of two office locations as well as additional team members to the company’s Factoring subsidiary, ENGS Commercial Capital (‘ECC’).Joining the company are Bronwyn Hobson, Vice President... Read Story
May 25, 2017, 07:11 AM


ENGS Commercial Finance announced the addition of new team members to the company’s Factoring Division, ENGS Commercial Capital (‘ECC’). Joining the company are Nicole Montrone, Vice President, Sales; Leslye Campos, Vice President, Operations;... Read Story
March 21, 2017, 07:12 AM


ENGS Commercial Finance Co. announced that Tania Daniel has joined the company as the Managing Director of its newly launched Factoring Division. In this role, Ms. Daniel will be responsible to develop ENGS’s Factoring Division into a nationally... Read Story
January 04, 2017, 07:07 AM


CIT Group Inc. announced that CIT Commercial Services appointed Darrin Beer as Western Regional Sales and Portfolio Manager. In this role, Beer will lead CIT Commercial Services activities in the Western United States. He will continue to be based in... Read Story
August 12, 2016, 07:39 AM


InMotion Global, Inc. announced that it has integrated Triumph Business Capital’s full offering of load funding services within AscendTMS, a leading cloud-based transportation management system (TMS) for trucking companies, freight brokers, third... Read Story
June 23, 2016, 07:09 AM


TAB Bank announced it has provided TAB FAST funding for two trucking companies.  Each funding represents TAB’s commitment to providing working capital and other critical financial solutions and support to companies in the trucking industry.TAB FAST... Read Story
February 26, 2016, 07:00 AM


BAM Worldwide announced the availability of a specialty asset-based lending platform for motor carriers following the successful debut of BAMwire™ in the freight brokerage and logistics industry.Slow-paying customers and slim operating margins are a... Read Story
May 19, 2015, 07:12 AM


Bibby Financial Services announcesd the release of a new funding option, FastTrack. FastTrack is available to businesses seeking funds of up to $100,000 at 2.99 percent, which can alleviate day-to-day working capital pressures.Following the upload of... Read Story
January 26, 2015, 06:00 AM


CIT Commercial Services, a leading provider of factoring services, and a unit of CIT Group launched “CIT CIS Mobile,” (cit.com/getCISMobile) a mobile app designed to bring the functionality of CIT Commercial Services’ Client Information System (CIS)... Read Story
January 08, 2015, 07:05 AM


Since 1998, US Financial Companies, an OH-based company, has been a leader in financing all types of equipment for a broad spectrum of credits. However, in 2008, at the start of the Last Great Recession, the equipment finance industry took a drastic... Read Story
November 24, 2014, 06:00 AM


To better meet the global needs of its clients, Wells Fargo Capital Finance, part of Wells Fargo & Company, has formed a Commercial Services Division to provide factoring and accounts receivable financing products and services for U.S. and... Read Story
June 26, 2013, 07:06 AM


CIT Group announced that Todd Harrington has been named Northeast Regional Sales Manager of CIT Trade Finance. He reports to Marc Heller, Northeast Regional Manager and International Manager of CIT Trade Finance. “Todd is an asset to our team as we... Read Story
April 29, 2013, 07:00 AM


CIT Group Inc. announced the launch of Factoring University (CITFactoringUniversity.com), a first-of-its-kind web site that offers a comprehensive education-based approach to the financial service known as accounts receivable factoring. “As one of... Read Story
July 09, 2012, 06:18 AM


The Commercial Finance Association (CFA), the global trade association for the asset-based lending and factoring industries, announced today that it has named Robert Trojan as Chief Executive Officer. Trojan, who has extensive financial services... Read Story
June 08, 2012, 06:30 AM


CIT Group announced that Jonathan (Jon) A. Lucas has been named President of CIT Trade Finance effective July 2, 2012 following the retirement of current CIT Trade Finance President John F. Daly on June 29, 2012. Lucas will report directly to Nelson... Read Story
June 05, 2012, 04:15 PM