Product: Factoring Line
Funding Line Amount: $400,000
Company Type: Technology
Industry Type: Financial Services
This Florida based company provides prepaid card programs for large financial institutions around the world. It processes over 6 million transactions per month.
The company is on an accelerated growth path which requires increasing amounts of working capital.
The company’s major customers have excellent payment histories and very low dilution. ExpoCredit was able to approve a factoring line for the company, which will help it continue to grow without financial constraints.
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