Now Capital Business Credit
New York–based financial services firm Capital Factors LLC has changed its name to Capital Business Credit LLC in an effort to underscore the range of services the company provides for its customers.
The firm will continue to offer traditional factoring services, including cash for receivables, credit and collection, and accounts receivables management services. But the company also offers supply-chain finance for companies that import goods from overseas.
“We felt that the name “factors” was too narrow in explaining all of the core competencies of Capital and its platform,” said Andrew Tananbaum, president and chief executive officer of Capital Business Credit. “We’re providing all forms of business credit and solutions. The broader marketplace feels more comfortable with the concept of being a more diversified commercial finance company that remains focused on the consumer supply chain but has a lot more things that it can do for its potential client base.”
Tananbaum and investment management firm Perry Capital LLC acquired Capital Factors from Regions Financial Corp. Tananbaum and Perry also acquired Capital Temp- Funds at that time. Capital TempFunds, now a division of Capital Business Credit, provides lending and back-office support for the temporary employment industry.
For more information, visit www.capitalbusinesscredit.com. —Alison A. Nieder
