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rmp capital marks first quarter close with new contractor fundings, strong pipeline and outlook for 2010

Posted by in Contractor Factoring

When it comes down to actually booking business this March, came in like a Lamb and it looks like it’s going out like a Lion.  Last week we booked two transactions on the East Coast, one was for a specialty insulation contractor in Florida needing a little over $500K for a contract he was working on with the Federal Government.  The second transaction was referred to us by a bonding agent working with a client that does road work for the City of Philadelphia.  We were able to provide them with a much needed $250K line.  After we have our credit meeting this week,  I’m expecting to put at least two more deals on the books for another $500K, it appears as though the government’s stimulus initiative may be working after all—at least in some parts of the country.  If you are going to the IFA Annual Convention in Scottsdale you can stop by our booth to learn more about our factoring services for contractors working on public works projects, Earl Harper, Senior Vice President and Contractor factoring expert will be there to answer any questions that you may have.  At the Convention, I will be introducing something new that may be fun and at the same time increase funding for our contractor program so try to stop by our booth. Also RMP Capital will be hosting the reception cocktail party, it’s always a great event and I hope that you can make it! Don’t forget to track me down to say hello…I’ll buy you a drink.  In the meantime, as always I welcome your thoughts comments and ideas…

James L. DiCamillo, Executive Vice President

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