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ENGS Commercial Capital Closes $2.5MM Factoring Facility

June 27, 2017, 06:57 AM
Filed Under: Industry News

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, ENGS funded factoring relationships totaling over $6MM in commitments. The new business represents clients in the staffing, manufacturing and transportation segments all throughout the United States.

Tania Daniel, Managing Director ENGS Commercial Capital, commented, “We have established fantastic momentum and have  achieved terrific month over month growth. We have also expanded our footprint and have added offices in Chicago and Nashville, in addition to our headquarters in Birmingham. We are very pleased with the reception we have received from the market and the growth of the business”

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