This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Interstate Capital Corporation Announces Record Results

SANTA TERESA, N.M., Feb. 4, 2013 /PRNewswire/ -- Interstate Capital Corporation, a New Mexico-based accounts receivable factoring company, announced today preliminary results for the first six months of its current fiscal year, ended December 31, 2012.  Factoring companies provide an outlet for growing businesses to raise working capital through the purchase of their clients' accounts receivable.  

Interstate's President, Tony Furman, reported total factoring volume (receivables purchased) exceeded $300 million for the six-month period ended December 31, 2012, representing an 18% year-over-year gain. Gross fee income increased 17% during the same period.  "In its 20-year history, Interstate Capital had never purchased more than a quarter billion dollars of receivables in any six-month period.  I'm extremely proud of our sales and marketing team as well as our operations staff, both of which get credit for Interstate's extraordinary results," Furman commented.

"With our current growth trajectory, Interstate Capital is well ahead of its 5-year plan, unveiled last year, to factor $1.0 billion annually by 2017," Furman added. Interstate saw a 24% expansion of its business in its fiscal year ended June 30, 2012.

"The overall outlook for the factoring industry for the second half of our fiscal year remains strong, although I project downward rate pressure in the factoring space if banks begin easing credit standards for their borrowers," added Furman. Interstate Capital projects it will factor in excess of $650 million of receivables in the current fiscal year.

Interstate Capital is a member of the International Factoring Association (IFA) and the Transportation Intermediaries Association (TIA), and is accredited by the Better Business Bureau.

Media Contact:  Tony FurmanTelephone:  (800) 422-5995Web:


1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs