Gloucester, Va. – September 21, 2026 -- Flexent, a national provider of invoice factoring and asset-based lending, grew total client funding by more than $14 million in the second quarter, backing businesses in transportation and logistics, precision manufacturing, IT consulting, healthcare transportation, and wholesale distribution.
New client deals ranged from $200,000 to $1.5 million across five sectors
A transportation and logistics company specializing in interstate freight hauling received $1.5 million to expand its fleet and cover operating capital as it adds routes and customers. A precision manufacturer serving embedded computing, aerospace, automotive, biotechnology, and medical markets received $750,000 to raise production capacity in machining, sheet metal fabrication, and engineered metal components.
A woman-owned information technology consulting firm serving federal, commercial, and nonprofit clients received $300,000 to support contract execution in software development, cybersecurity, systems implementation, and data modernization. A non-emergency medical transportation provider received $200,000 to add vehicles and cover operating expenses amid rising demand for dialysis, rehabilitation, and hospital discharge trips. A wholesale distributor of branded beverages, snacks, personal care items, and general merchandise serving convenience stores and discount retailers received $300,000 to expand inventory and execute new supply agreements.
Flexent structures funding around client receivables and operating needs
Kevin Wood, President of Flexent, said the company focuses on flexible capital solutions tied to each client's specific financing needs. Flexent has operated as a division of Chesapeake Bank, a Virginia community bank with more than 125 years of history, since 1995, and states it can move funds within 24 hours of receiving invoices.