News Release
Armada Mercantile Ltd., (Symbol: CSE: ARM and USOTC: AAMTF) announces certain recent transactions (listed below) by Oxygen Funding, Inc. (“Oxygen”), an affiliated ownership company. Since January 2018, Oxygen’s trade finance business has grown from approximately $500,000 in revolving volume (purchased accounts receivables or financed invoices) to new high of approximately $7,000,000. Since 2007, Oxygen has purchased and collected approximately $120,000,000 of accounts receivables and vendor procurement transactions.
Cotton Clothing Supplier
Greater Los Angeles, CA
$2,000,000 vendor procurement line of credit paying vendors and suppliers earning early payment discounts and accelerating the sales cycle. This account is supported by Coface credit insurance. For more information on Coface, visit: www.coface.com
Cowgirl Culture, Organic Food, Art & Activism Retailer
Bosman, Montana
$250,000 vendor procurement line of credit paying vendors and suppliers earning early payment discounts and accelerating the sales cycle. The credit line is backed by an inter-creditor agreement with supporting factoring line.
Vertically Integrated Beverage Company focused on all facets of the Beverage Industry
Greater Los Angeles, CA
$50,000 vendor procurement line of credit paying vendors and suppliers earning early payment discounts and accelerating the sales cycle.
Supplies and Services Cables, Papers, CCTV Equipment, Batteries, Gloves, and LED Lights
Greater Los Angeles, CA
$50,000 vendor procurement line of credit paying vendors and suppliers earning early payment discounts and accelerating the sales cycle. The credit line is backed by an inter-creditor agreement with supporting factoring line.
Nationwide Janitorial & Maintenance Services Business
Orlando, Florida
$100,000 factoring line of credit providing on-demand working capital support for increased sales growth rates.
About Oxygen Funding: Oxygen Funding is a fully licensed trade finance lender (California Finance Lenders & Brokers license #603G957) that has been funding commercial businesses since 2007. Oxygen Funding finances clients sourced, underwritten and serviced by an in-house staff.
For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.