Finance Resource Guide
Branch Banking and Trust Company (BB&T) 515 S. Flower Street, 36th Floor Los Angeles, CA 90071 (213) 236 3581 jmerille@bbandt.com www.bbt.com Contact: John A. Merille, Vice PresidentBB&T announces the opening of its West Coast office and factoring services and welcomes John Merille, vice president of sales.
CIT Commercial Services 300 South Grand Ave.Los Angeles, CA 90071 Contact: Mitch Cohen, Western Regional Manager (800) 248-3240 www.cit.com Year Established: 1908 Territory: The Los Angeles office serves clients in the Western United States and Asia.Services: CIT Commercial Services operates throughout the United States and internationally. CIT is the nation’s leading provider of factoring, credit protection, and accounts-receivable management services. Companies of all sizes turn to CIT for protection against bad-debt losses, to reduce days’ sales outstanding, and to enhance cash flow and liquidity.Competitive Edge: CIT’s breath of services, experienced personnel, industry expertise, proprietary credit files on over 330,000 customers, and comprehensive online systems are all reasons that clients say give CIT a competitive advantage.
First Capital Western Region, LLC 601 S. Figueroa St, Suite 3460 Los Angeles, CA 90017 (213) 412-1540 Fax: (213) 412-1541www.FirstCapital.com RGarber@FirstCapital.com Contact: Ron Garber Year Established: 1987 Territory: Nationwide Services: First Capital Western Region is a specialized commercial finance company positioned to enable entrepreneurs to achieve their goals through working capital lines of credit in the form of factoring agreements and inventory loans.Competitive Edge: Our team of professionals is committed to understanding your business plan and providing timely and consistent funding decisions. Our size and scope make First Capital the preferred working capital partner—small enough to build deep personal relationships and big enough to deliver the ideal solutions.
Goodman Factors 3010 LBJ Freeway, Ste. 140 Dallas, TX 75234 (972) 241-3297 Fax (972) 243-6285 Toll-free (877) 4-GOODMAN www.goodmanfactors.com Contact: Jessie Valdivia or Bret Schuch Year Established: 1972. We are the oldest privately held factoring company in the Southwest.Apparel-Related Clients: 60 percent Annual Volume: $350 millionTerritory: Nationwide Services: Recourse and non-recourse invoice factoring for businesses with monthly sales volumes of $10,000 to $2 million. Services include invoice and cash posting, credit and collection service, and cash advances on invoices (usually same day) upon shipment. Startups OK.Competitive Edge: Due to our relatively small size and centralized-management philosophy, our clients often deal directly with company management/ownership as opposed to an assigned CRM or account executive. Our size and accessibility enable us to provide flexible arrangements and quick decisions. New accounts can be initiated in as little as 24 hours.
Hana Financial, Inc. 1000 Wilshire Blvd., 20th Fl.Los Angeles, CA 90017 (213) 240-1234 Fax (213) 228-5555www.hanafinancial.com jbahng@hanafinancial.com Contact: John Bahng Year Established: 1994 Apparel-Related Clients: 75 percent Territory: 4 countries, 28 industries Services: Traditional factoring, P.O. and trade finance, SBA loans, mortgage banking, and equipment leasing Locations: Los Angeles, New York, Seattle, Chicago, and Denver Competitive Edge: Multilingual professionals with quality and experience, state-of-the-art e-factoring system, innovative and customized services, and a member of Factors Chain International.
Merchant Factors Corp.L.A. Office: 800 S. Figueroa St., Ste. 730 Los Angeles, CA 90017Contact: Don Nunnari dnunnari@merchantfactors.com (213) 347-0101 Fax (213) 347-0202www.merchantfactors.com Services: Credit checking of customers; credit protection; collections, receivable accounting; advancing funds; purchase-order financing Competitive Edge: Quick, non-bureaucratic decision-making and flexibility to meet clients’ needs. We have been in existence for 25 years and understand this business. We maintain strong client relationships.
Sterling Factors Corp. A subsidiary of Sterling National Bank 500 Seventh Ave., 3rd Floor New York, NY 10018 (212) 575-4415 Fax (212) 575-3439 www.sterlingfactors.com john.lalota@ sterlingnationalbank.com Contact: John La Lota, President Year Established: 1929 Apparel-Related Clients: 80 percent Territory: United States Services: Full-service factoring and accounts receivable management, letters of credit, and inventory financing Competitive Edge: Sterling National Bank offers clients a full range of depository and cash-management services plus a broad portfolio of financing solutions—including working capital lines, accounts receivable and inventory financing, factoring, trade financing, payroll funding and processing, equipment leasing and financing, commercial and residential mortgages, and mortgage warehouse lines of credit. Sterling is well-known for its high-touch, hands-on approach to customer service and a special focus on serving the business community. www.sterlingnationalbank.com
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