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December 21, 2017 - Orange Commercial Credit provided a $100,000 factoring facility to an intermodal transportation company. The financing will provide working capital to take on new growth opportunities.
Based in Los Angeles, CA, the intermodel company acquired a new customer but required an immediate cash infusion to meet increased expenses. Unfortunately, the company’s existing lender was unwilling to lend against the new accounts receivable which resulted in a cash-flow squeeze.
“Drawing on our experience of financing hundreds of trucking companies, we were able to quickly approve the new customer for credit,” said Todd Waller, OCC national sales director. “Without cash flow constraints or credit limits restricting their potential, the company is growing their business successfully.”
The company now has the cash flow they need to handle the increased business as well as whatever load capacity comes their way from existing or new customer relationships.
No other factoring company matches our level of superior service and offerings.
OCC helped me a great deal in getting started with my company. I was not sure exactly what to do or what to expect with a factoring company. Initially I had considered a few factoring choices and Tina my sales rep always answered every question in a timely manner. As a business owner it is imperative to have open communication and OCC is top notch in handling all my needs. I highly recommend this factoring company because of their professionalism and their dependability. I have referred clients to OCC because of this.”