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).