TRANSFAC CAPITAL PICKS UP THE NICKNAME “TRANSFRAC” IN OIL AND GAS INDUSTRY

Posted in: Factoring Staffing Industry News, Press Release, staffing factoring, Staffing Factoring Articles, staffing industry, Staffing Industry Financing Company, Staffing Industry Financing News- Aug 19, 2013 Comments Off

Salt Lake City, UT – (Marketwired) – August 19, 2013Transfac Capital, Inc. has acquired the nickname “Transfrac Capital” in the oil and gas industry.  The word “frac” is derived from “fracking,” which is part of the process of recovering oil and gas from an oil shale.

 

Mike Schepper, Marketing Director of Transfac Capital, stated, “The nickname originated as a spelling error in an article posted by an online oil and gas news site.  After this typo occurred, customers began referring to us as ‘Transfrac’ when calling to speak to us regarding financing.  We believe the nickname is appropriate due to the large presence Transfac has taken in the oilfield industry.  What started as a misprint has turned into a nickname we are enthusiastically embracing and is now spreading rapidly across the oil and gas industry.  We are now hearing it from customers all over the country.”

 

Transfac finances small to midsize oilfield service providers in the Utica and Marcellus shale fields, the Bakken field and the Eagle shale area. The Company has committed personnel  to these areas in the form of business development officers, and has hosted events for local companies in these areas, including sponsoring and showing support at  industry expos and conferences.

 

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

 

For more information regarding financing in the oil and gas, trucking and staffing industry, please contact Jeff Donavan at 800-458-6056 or via email at Jeffd@transfaccapital.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.

 

To view career opportunities with Transfac Capital, visit www.transfaccareers.com.

 

Industry sites:

http://truckingbusinessfinancing.com/

http://staffingcompanyfinancing.com/

http://oilfieldbusinessfinancing.com/

 

For More Information Contact:

Investors:

Hanover|Elite

Kathy Addison, Chief Operating Officer

407-585-1080 or via email at TFAC@hanoverelite.com

 

Media:

Mike Schepper, Marketing Director

801-575-6500 ext. 118