Greenfield Commercial Credit (Canada) Inc. announces it has acquired a portfolio of factoring accounts based in the USA


Greenfield Commercial Credit (Canada) Inc. (Greenfield Canada) announced today (6 August) that it has acquired a portfolio of seven factoring accounts based in the US. Each of the accounts generates various monthly factoring volumes of up to US$200,000 per month.

Greenfield Canada is a finance company, providing recourse factoring lines of credit from US$200,000 to US$5.0 million and asset-based revolver loans to growth-oriented small cap businesses.

Greenfield Canada's Board of Directors directed its service and operations partner, Greenfield Commercial Credit LLC. (Greenfield USA), to act on its behalf in conducting due diligence and negotiations on the targeted portfolio.



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Posted on Aug 6, 2003
Region: Canada