Ocean Bank Provides $6MM Factoring Facility to Media Company IT Services Provider

Ocean Bank’s factoring division has financed a $6 million factoring facility to a provider of IT services to media and entertainment companies.

“Our client is undergoing a remarkable growth period and needs more flexible financing. Ocean Bank was able to find a lasting solution that will help fund that growth,” Daniel Krasna, vice president of business development at Ocean Bank, said.

“Ocean Bank is excited to be part of a growing company that has great potential to expand within the IT industry,” Rogelio Villarreal, EVP and head of commercial lending at Ocean Bank, said.