Expo Holdings Inc. (EXPH)

[Acc441]

who is Expo Holdings using for Factor financing ?


Crestmark commercial capital lending LLC.

BBT was ditched due to BBT demanding JD and Glenn offer up personal assets as collateral.


Crestmark took over from there .... JD and Glenn were not required to pledge their personal assets....it appears the factoring cost went up but at least JD and Glenn no longer had to pledge any personal assets.

In other words.....NOTHING WAS *er*.. 'PAID IN FULL'-as in debt.. BBT simply either collected what was due to them from D&D customers or any outstanding invoices were TRANSFERRED to CRESTMARK COMMERCIAL CAPITAL LENDING LLC...Factoring companies assume the invoices as debt...invoices are approved for advance based on the company which ordered the goods or services...the company did not benefit from this move.....JD AND GLENN reaped the benefits through absolving themselves of any financial liability.

I believe David Koran referred JD to Crestmark.