Daily News: April 17, 2013

Federal National Closes Three A/R Financing Lines

Federal National Commercial Credit provided working capital financing lines to three small businesses, totaling $4.6 million. The deals consisted of:

  • a $4 million government contract funding line for a health care IT and training services firm;
  • a $250,000 accounts receivable financing line for IT consulting firm; and
  • a $300,000 payroll funding line for IT consulting firm

    Federal National offers invoice factoring and asset-based lending services for payroll funding and other working capital needs.