Sep 21, 2026
Second quarter fundings from Flexent supported companies in manufacturing, IT consulting, healthcare transportation, logistics, and wholesale distribution nationwide.
Gloucester, VA (PRUnderground) September 21st, 2026
Flexent, a national provider of invoice factoring and asset-based lending, announced today that total client funding grew by more than $14 million during the second quarter through funding for new clients and increased funding for existing clients. This funding supported businesses in transportation and logistics, precision manufacturing, information technology, healthcare transportation, and wholesale distribution.
The featured new client fundings ranged from $200,000 to $1.5 million and went to companies at different stages of expansion, from firms adding fleet capacity to a distributor executing new supply agreements. Each funding was structured around the client's receivables and operating needs.
"We're proud to partner with companies that are creating jobs, serving their customers, and investing in their future," said Kevin Wood, President of Flexent. "Every business has unique financing needs, and our focus is providing flexible capital solutions that help owners move forward with confidence. We're honored to support these organizations as they continue to grow and strengthen their position in their markets."
New client highlights from the quarter include the following five deals, which represent a portion of the more than $14 million in total client funding growth:
$1.5 Million: Transportation and Logistics
Flexent provided $1.5 million to a growing transportation and logistics company specializing in interstate freight hauling. The company operates a large fleet serving commercial customers in regional and national markets. The funding supports fleet expansion and day-to-day operating capital as the company adds routes and customers.
$750,000: Precision Manufacturing
A precision manufacturer specializing in advanced machining, sheet metal fabrication, and engineered metal components received $750,000. The company serves customers in embedded computing, aerospace, automotive, biotechnology, and medical markets, and will use the funds to raise production capacity and meet customer demand.
$300,000: Information Technology Consulting
Flexent funded $300,000 for a woman-owned information technology consulting firm serving federal, commercial, and nonprofit organizations across the United States. The firm delivers software development, cybersecurity consulting, systems implementation, data modernization, and program management services. The funds back contract execution and the growth of its technology services.
$200,000: Medical Transportation
A healthcare transportation provider focused on non-emergency medical transportation and assisted mobility services received $200,000. The company helps individuals reach medical appointments, dialysis treatments, rehabilitation facilities, and hospital discharge destinations. The funds cover vehicle additions and operating expenses as demand for its services rises.
$300,000: Wholesale Distribution
Flexent provided $300,000 to a wholesale distributor of branded consumer products serving convenience stores, discount retailers, and specialty shops. Product lines include beverages, snacks, personal care items, and general merchandise. The funds allow the distributor to expand inventory and execute new supply agreements.
Flexent has served American business owners since 1995 and operates as a division of Chesapeake Bank, a Virginia community bank with more than 125 years of history. Clients work with a funding provider that answers to bank regulators and can still move within 24 hours of receiving invoices.
Additional information about Flexent is available at https://flexent.com.
About Flexent
Flexent provides invoice factoring and asset-based lending to businesses across the United States. A division of Chesapeake Bank, Flexent helps business owners convert outstanding invoices into working capital to support growth and daily operations. The company has served American businesses since 1995.
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