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PrimeArc Capital, LLC engaged in twenty-nine new factoring partnerships in the first half of 2017. Below are a few highlights of these new factoring relationships:

• A Florida based erosion control company
• A Maryland based technology staffing company
• A California based geothermal welder
• A Florida based transportation company
• A New York based supplier of kosher foods

These companies will use the financing provided by PrimeArc to purchase materials, fund expansion initiatives or meet payroll / operational expenses. These new facilities range in capacity from $10,000 to $600,000 and average $87,500.

Bud Crawford, CEO, said “we are excited with the new additions to our client base in the first half of 2017. Each new client has the opportunity to grow their business, and we believe our financing program and experienced staff will help them achieve their financial goals.”

Additionally, PrimeArc Capital was able to graduate two clients from their financing program and help them refinance their line of credit with an institutional lender. Operations Manager David Ebinger commented, “our company goal is for our financing to be a bridge to a more traditional financing option. While we hate to lose great clients, it is great to see the positive impact of our financing program. We look forward to helping our next set of clients achieve the same goal.”

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