Plus Funding Group Closes $500K Factoring Credit Facility to Energy Service Company

Plus Funding Group closed and funded a $500,000 factoring credit facility for an energy service company based in New York. The company provides energy savings solutions such as power generation and energy supply to commercial businesses.

The company used proceeds of the credit facility to provide working capital for growth.

“We are happy to partner with and help this client with its cash flow, which will promote immediate growth potential,” Gregg Rubin, president of Plus Funding Group, said.

Plus Funding Group is an independently owned and operated specialty finance company located in White Plains, NY, providing capital to borrowers and clients through both its AR financing and asset-based lending programs.