Canada: Factoring Solutions Expands Its Receivable Financing for BC LNG Service Providers

July 25, 2013

Factoring Solutions said that it intends to continue expanding and increasing its customer base of oil and gas service companies in the Western Canadian Sedimentary Basin as well as companies involved in the development of LNG terminals and facilities based in British Columbia.

The Corporation will service additional receivable factoring clients with a non-binding commitment to raise up to $15,000,000 over the next twelve months.

Factoring Solutions is privately funded and specializes in providing cash flow management for the oil field service and commercial construction industries.

The Corporation provides its clients with financing alternatives by providing receivable financing, thereby giving them access to the cash flow needed to grow or manage their businesses without diluting their existing shareholder bases or committing to the long term contractual obligations and restrictions required by conventional lenders.

[mappress]

LNG World News Staff, July 25, 2013