AmeriFactors Provides $60MM in Funding to Communications Contractor

AmeriFactors Financial Group provided $60 million in accounts receivable financing to a communications contractor to assist it through a heavy growth stage. The client will be building out the infrastructure for a large telecom company and increasing its available capital. It will also have the advantage of AmeriFactors’ accounts receivable management services.

In addition to helping the above business, AmeriFactors announced the following recent deals through its accounts receivable financing facilities:

• $1.6 million to a software company located in Delaware

• $200,000 to a mechanical company located in Arizona

• $1 million to an underground utilities company located in Texas

• $1.5 million to an energy company located in Georgia

• $500,000 to a food supply company located in Nevada

• $1.2 million to a telecommunications company located in California

• $900,000 to a cabinetry company located in Florida

• $1.6 million to a vessel repair company located in Texas

• $540,000 to a transportation company located in Kentucky

• $1.5 million to an apparel company located in New York

• $160,000 to a staffing company located in Ohio

• $1.5 million to a metal fabrication company located in Indiana

• $400,000 to a janitorial company located in New York

• $1.5 million to a communications company located in Arizona

• $120,000 to a consulting company located in Washington

• $1 million to a trucking company located in Ohio

• $200,000 to a security company located in California

• $2 million to a technology consulting firm located in Georgia