SOURCE: Transfac Capital

Transfac Capital Accounts Receivable Financing

April 22, 2010 11:45 ET

Transfac Capital Finances Cornerstone Transit of CO

SALT LAKE CITY, UT--(Marketwire - April 22, 2010) -  Transfac Capital announces that it has extended an accounts receivable financing facility to Cornerstone Transit, LLC of Lakewood, CO. This $100k line will allow the restart of Cornerstone and continue their ability to grow. Cornerstone is a regional hauler of containers. The owners of Cornerstone have been in transportation for the last decade and Transfac's funding will give the company stability.

Transfac Capital finances and manages accounts receivable factoring and lines of credit for small and medium sized businesses around the country. Transfac traces its roots to 1942 and has financed hundreds of companies through invoice funding, factoring, or accounts receivable lines of credit. Transfac prides itself on working with small to medium sized businesses with annual sales from $500k to $60 million.

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