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Ohio Utica Shale

Transfac Capital expanding into Utica, Marcellus shales

By Bob Downing Published: July 3, 2013

A press release from Transfac Capital:

SALT LAKE CITY, UT–(Marketwired – June 24, 2013) - Transfac Capital, Inc., a specialty finance company providing accounts receivable financing to small and mid-sized companies, today announced the expansion of its presence into the Utica and Marcellus Shale fields. Tanya Boczek, Business Development Manager of Transfac Capital, will lead business development efforts in Ohio, Pennsylvania and West Virginia pursuing relationships within the oil and gas industry.

Transfac Capital’s accounts receivable financing provides working capital for businesses in need of improved cash flow. Oilfield service companies, such as drillers, haulers, tank cleaners and testers, often find themselves in a cash crunch. Transfac is a direct source of funding for these and other similar type businesses. In addition to factoring and accounts receivable financing, Transfac has the ability to help companies with accounts receivable management and purchase order and inventory funding on a case-by-case basis. With 70 years of experience in the transportation industry, Transfac Capital has developed specialized programs for the trucking industry in general, and for oilfield and pipeline transportation companies, specifically.

Mike Schepper, Marketing Director of Transfac Capital, stated, “Transfac understands the importance of having a ‘boots on the ground’ mentality when working to offer financial services to the oil and gas industry. Tanya gives Transfac the ability to offer our services through a direct and personal approach. Her knowledge of the industry, along with her experience handling the funding needs of small businesses, are notable strengths that Transfac will use to propel our Company’s expansion efforts into the Midwestern Tri-State region.”

“The Utica Shale, which sits below the Marcellus Shale, lies under most of New York, Pennsylvania, Ohio and West Virginia, and has the potential to become the largest natural gas play in the world. As a result, the business opportunities to be gained in this region are staggering. Transfac Capital intends to become a leader in providing working capital funding to the energy industry in the tri-state region,” said Boczek.

With locations in Salt Lake City, San Francisco, San Diego, St. Louis, Louisiana, North Dakota and Ohio, Transfac Capital is earning distinction as a leader in invoice financing solutions for small to medium-size businesses.

For more information regarding energy services financing in the Utica and Marcellus Shales or surrounding areas, please contact Tanya Boczek at 877-765-5557 or via email at tanyab@transfac.com.

About Transfac Capital, Inc. Transfac Capital, Inc. has financed business since 1942. With over 10 locations nationwide and growing, coupled with its team’s experience owning and operating companies in the oilfield, staffing and transportation industries, Transfac Capital has become one of the leading factoring and financial business solutions companies in the industry. Transfac Capital offers competitive services in invoice factoring, account receivable management, account receivable financing, inventory financing, purchase order factoring and a fuel card program.

To learn more about Transfac Capital’s financing options for oilfield, transportation and staffing companies, please visit www.transfac.com or call 800-316-4212.

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