Energizes Compsec Electric Corporation With $12 Million Factoring Facility

NEW YORK (October 14, 2008) — Platinum Funding Group, a premier factoring provider, signed a $12 million accounts receivable factoring agreement with Compsec Electric Corporation. Compsec is a Long Island City, NY-based licensed electrical subcontractor looking to solidify its place in the market with reliable invoice financing. Platinum will provide ongoing invoice factoring and efficient AR management services to Compsec that will streamline the company’s cash flow, ensure sufficient working capital, and help it compete with other major players in their industry. Read More.