Coface Credit Management North America Provides $1.5 Million Factoring Facility
Summary
CCMNA is Coface North America’s factoring arm, providing accounts receivable finance solutions to small and medium sized companies on a non-recourse basis.Thanks to the worldwide local service delivered by 7,000 staff in 65 countries, over 45% of the worlds 500 largest corporate groups are already customers of Coface.### New York, NY, May 02, 2009 --( PR.com )-- Coface Credit Management North America, Inc. (CCMNA) announced today a factoring facility for a $1.5 million hauler of hazardous waste material.This company chose factoring as a means of improving cash flow and paying suppliers sooner.“We are pleased to be able to help the growth of a company that aids us in cleaning up our environment.Once again, Coface is able to use its broad-based credit knowledge to provide factoring in a sector not traditionally served by the factoring industry,” said Gene Knapp, CCMNA VP of Factoring.CCMNA is Coface North America’s factoring arm, providing accounts receivable finance solutions to small and medium sized companies on a non-recourse basis.Press Contact: Sue Hinton, Coface North America – (212) 389-6484 – sue_hinton@coface.comAbout CofaceCofaces mission is to facilitate global business-to-business trade by offering its 130,000 customers four business lines to fully or partly outsource trade relationship management and to finance and protect their receivables: credit insurance, factoring, ratings and business information and receivables management.Thanks to the worldwide local service delivered by 7,000 staff in 65 countries, over 45% of the worlds 500 largest corporate groups are already customers of Coface.