Ocean Bank Provides $2MM Factoring Facility to Wine Distributor

Ocean Bank’s factoring division provided a $2 million factoring facility to a wine distributor in the Midwest.  

“Our client has been in growth mode with their sales growing exponentially and needed a financing partner to assist them with more working capital to fuel their growth,” Daniel Krasna, vice president and factoring business development officer for Ocean Bank, said. “Ocean Bank’s commitment will allow the company to replace their current financing and continue their rapid growth.”