Ocean Bank Funds $6 Million Factoring Facility to IT Staffing and Service Provider

MIAMI FL – Oct. 4, 2022 – Ocean Bank’s Factoring Division has financed a $6 million factoring facility to an industry-leading provider of IT services to media and entertainment companies. 

“Our client is undergoing a remarkable growth period and needs more flexible financing. Ocean Bank was able to find a lasting solution that will help fund that growth,” said Daniel Krasna, Vice President of Business Development.

“Ocean Bank is excited to be part of a growing company that has great potential to expand within the IT industry,” said Rogelio Villarreal, EVP and Head of Commercial Lending.

Ocean Bank’s Factoring Group works with businesses from start-ups to well-established middle-market companies to facilitate growth in financing their businesses. To learn more, please reach out to Daniel Krasna, who can be reached at: (561)702-5774 or dkrasna@oceanbank.com.

About Ocean Bank: Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, with $5.4 billion in assets. Chartered in 1982, Ocean Bank operates its network of 22 branches throughout Miami-Dade and Broward counties. The community bank has received numerous awards and accolades from the Greater Miami Chamber of Commerce, The Beacon Council and the Florida Department of Education, among others, for its support of our South Florida communities. For more information, log on to www.oceanbank.com.