Working capital management

TAB Bank Provides Commodity Brokerage Firm in Texas with an $8 Million Revolving Credit Facility

Friday, December 4, 2020 - 2:12pm

The firm facilitates the trading of physical and financial commodity instruments on the open markets for its customers.

Key Points: 
  • The firm facilitates the trading of physical and financial commodity instruments on the open markets for its customers.
  • TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries.
  • TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance.
  • He has over 25 years of experience developing client relationships and structuring credit facilities in the asset-based lending and factoring arena.

Everflow Supplies Inc. Selects Blue Ridge Planning Platform to Streamline Supply Chain Processes

Thursday, December 3, 2020 - 2:30pm

ATLANTA, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Blue Ridge , a leader in supply chain planning and pricing solutions , announced today that Everflow Supplies, Inc. has selected Blue Ridge Supply Chain Planning and Multi-Echelon Inventory Optimization (MEIO) to mitigate risk from seasonal buying patterns while improving customer service and market responsiveness.

Key Points: 
  • ATLANTA, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Blue Ridge , a leader in supply chain planning and pricing solutions , announced today that Everflow Supplies, Inc. has selected Blue Ridge Supply Chain Planning and Multi-Echelon Inventory Optimization (MEIO) to mitigate risk from seasonal buying patterns while improving customer service and market responsiveness.
  • Blue Ridges experience and success in wholesale distribution was vital to our decision to invest in this essential supply chain planning technology, said Boyd White, senior vice president, Everflow Supplies Inc. We are experiencing a period of sustained rapid growth.
  • Blue Ridges Supply Chain Planning solutions create highly efficient inventory allocation and intelligent replenishment across all locations and channels, both downstream to customers and upstream with suppliers.
  • Blue Ridge Supply Chain Planning and Price Optimization solutions empower distributors and retailers to tap into undiscovered margin through enterprise-wide inventory intelligence, automation and synchronization.

TAB Bank Provides Cable Manufacturing Company in Missouri with a $2.5 Million Asset-Based Credit Facility

Thursday, December 3, 2020 - 2:12pm

OGDEN, Utah, Dec. 03, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $2.5 million asset-based credit facility for a cable manufacturing company located in Missouri.

Key Points: 
  • OGDEN, Utah, Dec. 03, 2020 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $2.5 million asset-based credit facility for a cable manufacturing company located in Missouri.
  • The company is one of the premier manufacturers of data and communicationcables in the United States.
  • TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries.
  • TAB Bank does this through a variety of asset-based structures including Asset-Based Revolving Loans, Accounts Receivable Financing, Lines of Credit, and Equipment Finance.

Sales of Stolen Consumer Data on Criminal Shops Spike Ahead of Black Friday, SpyCloud Research Finds

Wednesday, December 2, 2020 - 3:02pm

"This research shows that criminals, both buyers and sellers, are increasingly active during the holidays.

Key Points: 
  • "This research shows that criminals, both buyers and sellers, are increasingly active during the holidays.
  • SpyCloud examined popular cracking forums and identified over 800 individual storefronts across three online selling platforms.Researchers then scraped inventory and transaction data from those shops to compile the results.
  • The number of transactions, amount of inventory, value of stolen information and amount of sales increased exponentially from normal periods.
  • In some cases, people purchasing the accounts may not even be aware they are buying stolen account data.

White Oak Provides $1.5MM Factoring Facility to Service-Disabled Veteran Owned Business

Wednesday, December 2, 2020 - 1:00pm

White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance arm provided a $1.5 million factoring facility to a service-disabled veteran owned 8(a) company that provides operational and technical engineering support to the US Army Cyber Command.

Key Points: 
  • White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance arm provided a $1.5 million factoring facility to a service-disabled veteran owned 8(a) company that provides operational and technical engineering support to the US Army Cyber Command.
  • Were honored to support and provide tailored financing to veteran-owned businesses committed to delivering critical services to our armed forces, said White Oak Head of Government Contract Financing, Kysha Pierre-Louis.
  • ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
    White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company providing credit facilities to companies across the economy.
  • WOCF is an affiliate of White Oak Global Advisors, LLC and its institutional clients.

White Oak Provides $5MM Receivables Financing Facility to Telecom Services Company

Monday, November 30, 2020 - 1:00pm

White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced it provided a $5 million receivables financing facility to a telecommunications and electrical contracting company that provides integrated voice and data cabling infrastructure solutions nationwide.

Key Points: 
  • White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced it provided a $5 million receivables financing facility to a telecommunications and electrical contracting company that provides integrated voice and data cabling infrastructure solutions nationwide.
  • The transaction was structured as a recourse factoring facility secured by the company and its three subsidiaries accounts receivable.
  • ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
    White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company providing credit facilities to companies across the economy.
  • WOCFs solutions include asset-based lending, full-service factoring, invoice discounting, government contract financing, supply chain financing, inventory financing, US import/export financing, trade credit risk management, account receivables management and credit and collections support.

COVID-19 Impact and Recovery Analysis | Outbound Telemarketing Services Market Procurement Intelligence Report Forecasts Spend Growth of over USD 2 billion

Friday, November 27, 2020 - 10:30pm

The Outbound Telemarketing Services Market is poised to experience a spend growth of more than USD 2 billion between 2020-2024 at a CAGR of over 4.10%.

Key Points: 
  • The Outbound Telemarketing Services Market is poised to experience a spend growth of more than USD 2 billion between 2020-2024 at a CAGR of over 4.10%.
  • View the full release here: https://www.businesswire.com/news/home/20201127005160/en/
    SpendEdge has announced the release of its Global Outbound Telemarketing Services Market Procurement Intelligence Report (Graphic: Business Wire)
    Read the 120-page research report with TOC and LOE on "Outbound Telemarketing Services Market Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."
  • Our Outbound Telemarketing Services Market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation.
  • This Outbound Telemarketing Services Market procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

Porter Capital announces funding for staffing companies product

Friday, November 27, 2020 - 12:00pm

Porter Capital, an innovative leader in providing flexible, customized funding to businesses, now offers new, smaller staffing companies lines as low as $10,000.

Key Points: 
  • Porter Capital, an innovative leader in providing flexible, customized funding to businesses, now offers new, smaller staffing companies lines as low as $10,000.
  • "The new staffing product is designed specifically for small and medium-sized staffing agency owners to secure all their on-demand funding needs when they need it," said Blake Van Leer, Director at Porter Capital.
  • Porter Capital offers custom-tailored solutions for the staffing industry with payroll factoring, a way for staffing agencies to get their invoices converted into immediate capital.
  • To learn more about how Porter Capital can provide payroll funding for your staffing agency, visit: https://www.portercap.com/payroll-funding-for-staffing-companies/
    Porter Capital was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL.

Brian Jorgenson, Former SVP Fiserv Cash & Logistics joins Perativ as a Senior Advisor

Tuesday, November 24, 2020 - 5:45pm

Perativ helps banks to integrate and automate the four core functions that impact cash distribution costs: cash forecasting, load compliance, treasury reconciliation, and bulk cash ordering.

Key Points: 
  • Perativ helps banks to integrate and automate the four core functions that impact cash distribution costs: cash forecasting, load compliance, treasury reconciliation, and bulk cash ordering.
  • Mr. Jorgenson will leverage his experience and relationships in cash forecasting and cash management solutions to add value to the global Perativ Cash Forecasting platform.
  • Mr. Jorgenson led the development and global retail bank deployments of leading cash forecasting and other cash logistics solutions.
  • Maintaining a focus on cash forecasting for 17 years, he is recognized as a leader in the space having led Fiserv's global cash forecasting and logistics business.

Brian Jorgenson, Former SVP Fiserv Cash & Logistics joins Perativ as a Senior Advisor

Tuesday, November 24, 2020 - 2:25pm

Perativ helps banks to integrate and automate the four core functions that impact cash distribution costs: cash forecasting, load compliance, treasury reconciliation, and bulk cash ordering.

Key Points: 
  • Perativ helps banks to integrate and automate the four core functions that impact cash distribution costs: cash forecasting, load compliance, treasury reconciliation, and bulk cash ordering.
  • Mr. Jorgenson will leverage his experience and relationships in cash forecasting and cash management solutions to add value to the global Perativ Cash Forecasting platform.
  • Mr. Jorgenson led the development and global retail bank deployments of leading cash forecasting and other cash logistics solutions.
  • Maintaining a focus on cash forecasting for 17 years, he is recognized as a leader in the space having led Fiserv's global cash forecasting and logistics business.