SOURCE: Transfac Capital

Transfac Capital Accounts Receivable Financing

April 27, 2010 12:43 ET

Transfac Capital Funds Professional Retail Services Arranged by Houlihan Smith

SALT LAKE CITY, UT--(Marketwire - April 27, 2010) -  Transfac Capital is pleased to announce the funding of a $1,000,000 accounts receivable funding facility for Professional Retail Services, Incorporated (PRS) out of Medford, NY. 

PRS is a leader in the facility maintenance industry providing services to America's top retailers. PRS offers custom designed service programs such as plumbing, electrical, flooring, doors and locks, glass replacements, signage, fire protection, carpentry, pest control, painting and store surveys. 

Transfac worked with the operational improvement and restructuring group of Houlihan Smith & Company Inc. (Houlihan). Houlihan is a specialized investment banking firm that provides financial advisory and financing services to public and private businesses. Founded in 1996, Houlihan is recognized as a leading provider of financial opinions, financing, merger and acquisitions advisory, turnaround, and other corporate advisory services.

Together Transfac, Houlihan and PRS were able to structure a plan and a facility that addressed PRS's challenges and met the needs of PRS's 2010 business plan.

Transfac Capital provides accounts receivable financing and factoring for small to medium sized businesses across the country. Transfac also specializes in collateral management for banks and other lenders. Transfac is in its 67th year of providing solutions for businesses.

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