North America

A transportation company based in North Carolina has chosen TAB Bank for a USD5m revolving credit facility. The facility is based on accounts receivable and will support the company's ongoing working capital needs

Accutrac Capital Solutions Inc., an invoice factoring company for the trucking industry, has hired Paul Alisauskas as its new in-house legal counsel

Trade Finance Solutions Inc. (TFS), a provider of domestic and international financing solutions has announced that they closed USD67m in new business transactions (including factoring) in the third quarter of 2015

Credit Management Company, an established accounts receivable management firm and MedClaims International, LLC, a hospital claims resolution company, announced a formal partnership to deliver additional revenue cycle services to healthcare clients

J D Factors, one of the fastest growing financial firms in North America, has recently provided a range of factoring facilities across the US

CapitalPlus Equity, a factoring company specialising in commercial construction, has provided a revolving factoring facility for USD71,500 to a pool masonry subcontractor in Michigan

BMO Harris Bank's Asset Based Lending group, a provider of middle market asset based finance solutions, has announced it acted as sole lender for a USD30m senior secured revolving credit facility

Monroe Capital LLC has announced that it acted as sole lead arranger and administrative agent on the funding of a USD19.25m senior credit facility to support the recapitalisation and growth of an online travel company

Bibby Financial Services has announced the promotion of Barry Kastner to Executive Vice President, Head of Business for the company's large business unit after being hired to lead the company's asset-based lending platform for the last four months

Accord Financial Corporation (TSX – ACD) has released its financial results for the three and six months ended 30 June, 2015