Daily News: March 4, 2013

Federal National Closes Three Transactions

Federal National Commercial Credit announced it has provided working capital financing lines to three small businesses, totaling $6.1 million.

The deals include:

  • a $5 million government contract financing line for a provider of military services and consulting;

  • a $600,000 accounts receivable factoring line for an IT solutions provider; and

  • a $500,000 working capital financing line for a hauling services provider

    Bethesda, MD-based Federal National Commercial Credit offers invoice financing and asset based lending services for payroll funding and other working capital needs.