Coface Credit Management North America Provides $1.5 Million Factoring Facility
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.com
About Coface
Coface's 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 world's 500 largest corporate groups are already customers of Coface. Coface is a subsidiary of Natixis whose share capital (Tier 1) was 12.9 billion euros at the end of June 2008. Learn more at www.coface-usa.com.
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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.com
About Coface
Coface's 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 world's 500 largest corporate groups are already customers of Coface. Coface is a subsidiary of Natixis whose share capital (Tier 1) was 12.9 billion euros at the end of June 2008. Learn more at www.coface-usa.com.
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Contact
Coface North America, Inc.
Sue Hinton
212-389-6484
www.coface-usa.com
Sue Hinton
212-389-6484
www.coface-usa.com
Contact
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