Daily News: February 12, 2013

Midland American Capital Closes Six PO Financings


Midland American Capital announced that is recently closed six purchase order financings totaling $4.71 million.

The deals include:

  • a $150,000 purchase order bridge for a remodeler of school and municipal government cafeteria’s allowing the company to purchase materials and supplies to complete an existing project;

  • a $350,000 purchase order financing for a government contractor that retrofits government buildings with low watt T-5 lighting;

  • an $800,000 purchase order for a beverage manufacturer that custom blends adult beverages for the NFL, its stadiums and patrons;

  • a $1.2 million purchase order for a U.S. Air Force staffing contractor for refurbishing aircraft ground equipment;

  • a $210,000 purchase order for a Toyota Motors parts supplier to pay its steel supplier upon delivery; and

  • a $2 million purchase order for a scooter manufacturer.