Coface Credit Management North America Provides $2 Million Factoring Facility
Summary
Press Releases Coface North America, Inc. Press Release Receive press releases from Coface North America, Inc.: By Email RSS Feeds: Coface Credit Management North America Provides $2 Million Factoring Facility New York, NY, February 25, 2009 --( “We were pleased to help a small business get the financing it needs for ongoing operations, particularly in these challenging economic times when banks appear to be retreating from helping small businesses grow,” said Gene Knapp, CCMNA VP of Factoring.“Helping this family-owned business grow is what is rewarding about 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.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, February 25, 2009 --( PR.com )-- Coface Credit Management North America, Inc. (CCMNA) announced today a factoring facility for a $2 million manufacturer and distributor of frozen desserts in Southern California.“We were pleased to help a small business get the financing it needs for ongoing operations, particularly in these challenging economic times when banks appear to be retreating from helping small businesses grow,” said Gene Knapp, CCMNA VP of Factoring.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.