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OCEAN BANK PROVIDES $5,000,000 FACTORING FACILITY TO AN INTERNATIONAL EXPORTER

December 20, 2024
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Ocean Bank Provides $5,000,000 Factoring Facility to an International Exporter

Ocean Bank announced it has provided a $5,000,000 Factoring Facility to a leading international distributor of paper and plastic resins.

Needing more availability and a larger facility to keep up with their ongoing growth, the business was referred to Ocean Bank.

“Ocean Bank excels in financing companies that need capital for growth. Our customer needed financing that is tailor-made for their growth, and we are excited to be a part of their success,” said Daniel Krasna Vice President & Factoring Business Development Officer.

“Our ability to understand fast-growing businesses is what sets us apart in the banking and factoring world” said Rogelio Villarreal, Executive Vice President and Head of Commercial Lending. “We are able to provide the right factoring facilities that help our customers grow”.