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Invoice factoring news

Invoice Factoring News

Heritage Bank of Commerce Builds Out National Specialty Finance Group

San Jose, California — June 29, 2021 — Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce  Corp (Nasdaq: HTBK), today announced that the Bank continues to expand its Specialty Finance Group. The Specialty  Finance Group consists of Bay View Funding’s national factoring business and the Bank’s national Asset-Based Lending  (“ABL”)/Corporate Finance team and regional Small Business Administration (“SBA”) lending team in the San Francisco  Bay Area. Heritage Bank of Commerce is an SBA Preferred Lender. Bay View Funding is a wholly owned subsidiary of  Heritage Bank of Commerce. 

The Specialty Finance Group is structured to focus on and serve a comprehensive variety of clients who need alternative  loan products. The solutions driven team of commercial finance professionals has a long and established history of  funding privately held, microcap, venture-backed, private equity supported and publicly traded companies across the  United States. 

“These companies are often uniquely poised for substantial growth and need flexible sources of working capital to  expand their operations,” said Glen Shu, Executive Vice President at Heritage Bank of Commerce, and President of the  Specialty Lending Group. “We have a highly experienced, dedicated team who are actively implementing our national  strategy for both our ABL and factoring services. We are optimistic about an improving economy as we emerge from  this pandemic, and look forward to working with new growth minded entrepreneurs who will need our specialized  services.”  

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Bay View Funding Closes Over $2MM in Factoring Facilities 

Santa Clara, CA -- 11/19/2015 -- Bob Hinson, Vice President, and Regional Sales Manager at Bay View Funding, closed two transactions in excess of $2 million in the last 3 weeks. Hinson’s transactions included:

  • Cybersecurity consulting company, where working capital was required to support operations and business growth.  
    • Factoring Facilities: $750,000

  • IT consulting company working with The Department of Defense. Bay View Funding's facility was used to complete an acquisition where the receivables of the target company were leveraged to close the transaction and the facility will be used for ongoing working capital. 
    • Factoring Facilities: $1.5MM


Since 1985, Bay View Funding has been providing reliable and quality accounts receivable financing services to businesses across America. 

Bay View Funding names Cynthia Basolo, VP, Regional Sales Manager, in Gresham, OR

Santa Clara, CA -- 09/02/2015 -- Bay View Funding is pleased to announce the addition of Cynthia Basolo as Vice President, Regional Sales Manager, based in Gresham, OR. Basolo will represent Bay View Funding in the Portland area and surrounding markets. Cynthia Basolo

Basolo joins Bay View Funding with over 25 years of invoice factoring experience. Most recently, Cynthia was Vice President of Sales for several invoice factoring companies including a national factoring company based out of Florida. Prior to that, she was Vice President of Operations and Risk Management for an innovative financial company headquartered in Wichita, Kansas. Cynthia earned her Bachelor of Science degree in Business and Marketing Management from the University of Montana, Missoula, MT.

Seth Herman, Senior Vice President and National Sales Manager of Bay View Funding said,...



Seth Herman, Senior Vice President and National Sales Manager of Bay View Funding said, Bay View Funding names Bob Hinson, VP, Regional Sales Manager, In Arlington Heights, IL

Santa Clara, CA -- 06/23/2015 -- Bay View Funding is pleased to announce the addition of Bob Hinson as Vice President, Regional Sales Manager, based in Arlington Heights, IL. Hinson will represent Bay View Funding in the Chicagoland area and surrounding markets. Bob Hinson

Hinson joins Bay View Funding with over 30 years of financial sales, marketing and credit experience. Most recently, Bob was Regional Vice President of Sales for an East coast based factoring company. Prior to that, Bob was Senior Account Representative for a national factor. He earned his Bachelor of Science degree from Roosevelt University in Chicago, IL.

Seth Herman, Senior Vice President and National Sales Manager of Bay View Funding said, “We are excited to have Bob join our company. As we continue to expand our nationwide footprint, Bob’s past experience in helping businesses solve their cash flow needs coupled with his strong commercial finance experience make him a valuable new member of the Bay View Funding team.”

Headquartered in the San Francisco Bay Area, Bay View Funding is a successful provider of accounts receivable financing known as invoice factoring for major industries, including distribution, manufacturing, government contracts, oil and gas, wholesale, staffing, trucking, and more. The team of financial experts at Bay View Funding has been providing invoice factoring services to businesses - in a wide range of industries - for more than three decades.



The Bay View Funding Penny War for Cancer 2015

This year, the annual Penny War is taking place during the month of March. The Bay View Funding team is warring with pennies once again. As in years past, the battle of the pennies will result in a company wide contribution to the American Cancer Society. American cancer blog

The Bay View Funding Penny War for 2015 involves 8 teams. Each team collects pennies and adds them to their team penny jar. One point is received for each penny collected. However, the ‘war’ involves teams sabotaging each other for a weekly win by placing ‘silver’ coins or dollar bills into rival containers. Each ‘silver’ coin or dollar bill counts as a negative amount. For example, a nickel subtracts 5 points, and a dollar bill would subtract 100 points, etc. Totals are posted weekly, and treats are handed out to the winning weekly team, thus encouraging more money to be collected while also creating a healthy amount of competition.



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