Flexent Reports Over $14 Million in Second Quarter Client Funding Growth
Flexent, a national provider of invoice factoring and asset-based lending, reported over $14 million in client funding growth during the second quarter. The funds supported businesses across various sectors including transportation and logistics, precision manufacturing, information technology consulting, healthcare transportation, and wholesale distribution. New clients received financing ranging from $200,000 to $1.5 million, with each deal tailored to meet specific operational needs such as fleet expansion or increased production capacity. The funding highlights include a $1.5 million loan for a growing logistics company expanding its freight hauling operations and a $750,000 investment in a precision manufacturer aiming to boost output across multiple industries like aerospace and biotechnology. Flexent also supported smaller ventures such as an IT consulting firm with $300,000 and a medical transportation provider receiving $200,000 for vehicle additions. Kevin Wood, President of Flexent, emphasized the company's commitment to providing flexible capital solutions that help business owners grow. As part of Chesapeake Bank since 1995, Flexent continues its mission of supporting American businesses with rapid and reliable financing options.
Topics: business funding healthcare transportation invoice factoring manufacturing transportation and logistics