XRG Inc., a provider of a wide range of truckload freight services in the US, has announced that it had obtained a credit facility with CAPCO Financial - a division of Greater Bay Bank N.A., that provides asset-based credit to finance company operations.
The financing arrangement, which was approved for up to US$10 million, will provide the opportunity to significantly reduce financing costs, administrative costs, and expedite cash flow.
Mike Hansen, senior vice president of Greater Bay Bank said, "We are pleased to have XRG as part of our portfolio and look forward to working with them."
