Interstate Capital Announces Record May

Interstate Capital Corp. (ICC), Santa Teresa, NM, announced today that it purchased over $53 million of invoices in May 2012, surpassing by over 10% its previous best month on record in its 20 year history.  Tony Furman, ICC’s President, released May’s results in advance of the closing of its fiscal year on June 30, 2012.  “We are extremely pleased with our performance in May and I’m looking forward to closing the year with $.5 billion of new production”, Furman explained.  “In the past twelve months, we have added a lot of unique products, made a major investment in technology upgrades, and hired a lot of talented people that together, put ICC  in a great position to achieve our five-year plan to reach $1 billion in annual receivable purchases.”

Interstate Capital is one of North America’s largest independently owned factoring companies specializing in invoice finance, accounts receivable factoring, and related services. ICC is a member of the International Factoring Association (IFA) and is accredited by the Better Business Bureau (BBB).

Interstate Capital Announces Record May

Interstate Business Capital Announces Opening of New San Diego Area Office

Interstate Business Capital (“IBC”) announced today the opening of its new San Diego office in July 2012. IBC is a subsidiary of Interstate Capital Corp. (ICC), a New Mexico based company specializing in accounts receivable financing for small and mid-sized businesses.

The officers and board members of Interstate Business Capital and ICC are extremely proud to name Greg Salomon as President of IBC. Greg comes to the company with a wealth of sales, marketing, and management experience in various finance related industries.  Greg gives IBC the immediate opportunity to expand its invoice finance and factoring businesses in southern California and elsewhere.  Tony Furman, president of ICC, will take on the added title of CEO of Interstate Business Capital.

Interstate Business Capital is the most recent addition to the ICC group of companies. The group operates factoring, invoice financing, asset-based lending, freight matching, and freight brokerage businesses throughout the U.S.

Interstate Business Capital Announces Opening of New San Diego Area Office