Coface Credit Management North America, Inc. (CCMNA) provided a factoring facility for a Texas based $3 million dollar plastic injection molding company. The company expects to use the increased cash flow to grow sales while also benefitting from the protection of a non-recourse factoring facility. Previously, the company used a recourse based lending facility where risk of customer non-payment was a concern to the health of its business.
"We are pleased to help a small company get the financing it needs to grow," says Gene Knapp, CCMNA VP of Factoring. "We are also able to provide our new client with the credit protection it didn't have before. This is seen as a value-added benefit in today's difficult economic climate."
