Federal National Commercial Credit, an alternative lender providing working capital solutions to small and medium-sized businesses across various industries, completed two new fundings totaling $2.75 million.

The first was a $1.25 million asset-based line of credit to a custom millwork manufacturer in the Mid-Atlantic region. This mature manufacturer was recently tasked with replacing its current bank financing relationship. In conjunction with another lender, Federal National provided a comprehensive financing solution that was adequate to pay off the bank and provide ongoing working capital for the company.

The second was a $1.5 million A/R factoring line to a custom metal fabrication company in the Southeast. The seven-year-old company was seeking a new working capital facility that would provide availability and flexibility as the company continues to expand its product line and diversify its customer base.