Ocean Bank Funds $5.5MM Factoring Facility to Logistics Company

Ocean Bank’s factoring division financed a $5.5 million factoring facility to a growing logistics company serving companies worldwide.

“Our client is going through tremendous growth with soaring shipping needs post-pandemic. Ocean Bank provided a flexible and lasting solution that will help this logistics company meet customer demand with stable growth,” Daniel Krasna, vice president of business development at Ocean Bank, said.

“Ocean Bank’s factoring department works with businesses experiencing rapid growth, including companies with a global customer base like this logistics company, making it a perfect fit for Ocean Bank,” Roger Villarreal, executive vice president of Ocean Bank, said.