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TRANSCAP TRADE FINANCE STEPS-UP EFFORTS IN SOUTHEAST REGION

Tampa, FL - April 16, 2008 - Small to mid-sized companies are feeling the credit squeeze of what economic pundits are calling a recession. In response, Transcap Trade Finance LLC (Transcap) today announced plans to strengthen its outreach efforts in the Southeast region. The company is headquartered in a Chicago suburb, Northbrook, IL, with offices in Tampa and New York. "Stricter lending criteria is one reason Transcap's funding solutions are in large demand," said Steve Wyatt, Transcap's Southeast Development Director. "Business owners know they can turn to us to help with cash flow problems."

Transcap provides purchase order and trade finance solutions to companies needing additional funding to support seasonal spikes or large sales orders. Many of Transcap's customers come from recommendations from their senior lenders. "We want to increase our commitment to help the customers of local asset based lenders, banks, factors, and turnaround management firms. Those that refer Transcap know our funding solutions are not competitive to their offerings."

"We are stepping up our support of the regional chapters of organizations such as the Commercial Financing Association and the Turnaround Management Association," said Wyatt. Historically Transcap has been active in Florida organizations but will extend activities to other states in the region. Along with Florida, Wyatt's region includes Georgia, Texas, North Carolina, and South Carolina.

For more information, visit www.transcaptrade.com or contact swyatt@transcaptrade.com

 

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