Coface Credit Management North America Goes Green
New York, NY, March 05, 2009 --(PR.com)-- Coface Credit Management North America, Inc. (CCMNA) announced today a factoring facility for a $3 million manufacturer and distributor of solar panels in Southern California.
The company, which has current sales of nearly $3 million, hopes to grow to $10 million by offering terms to its customers through this factoring facility.
“We were pleased to help a small business get the financing it needs to grow especially in a field that is ‘green’ and environmentally positive,” said Gene Knapp, CCMNA VP of Factoring. “Because of Coface’s experience in credit analysis and receivables management, we can factor receivables in almost any sector. It is rewarding for us to be able to help this company grow in this exciting and important industry.”
CCMNA is Coface North America’s factoring arm, providing accounts receivable finance solutions to small and medium sized companies on a non-recourse basis.
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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The company, which has current sales of nearly $3 million, hopes to grow to $10 million by offering terms to its customers through this factoring facility.
“We were pleased to help a small business get the financing it needs to grow especially in a field that is ‘green’ and environmentally positive,” said Gene Knapp, CCMNA VP of Factoring. “Because of Coface’s experience in credit analysis and receivables management, we can factor receivables in almost any sector. It is rewarding for us to be able to help this company grow in this exciting and important industry.”
CCMNA is Coface North America’s factoring arm, providing accounts receivable finance solutions to small and medium sized companies on a non-recourse basis.
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
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