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Friday, June 11, 2010 12:33:58 PM
Transfac Capital Provides Business Finance for BP Oil Spill Vendors
SALT LAKE CITY, UT--(Marketwire - June 4, 2010) - Transfac Capital announced that it has streamlined the funding process for vendors of the BP oil spill happening in the Gulf of Mexico. Shrimp fishermen, environmental firms, trucking companies, and the like are suddenly vendors of British Petroleum, the EPA and other agencies.
These businesses are out doing the work to assist with the spill, but many may have to wait a month or more to get paid for their work -- something most small businesses can not afford. Transfac has waived certain portions of their process as well as set up fees in order to accommodate businesses in need of business finance to support the clean up effort. Transfac is committed to funding qualified applicants in less than seven days.
Transfac Capital provides accounts receivable financing and factoring for small to medium-sized businesses across the country. Transfac is in its 67th year of providing solutions for businesses.
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