Daily News: April 2, 2013

Noble Funding Funds Two Credit Lines Totaling $2.5MM


Noble Funding closed $2.5 million in revolving lines of credit to two companies in March.

Noble Funding provided a $1.5 million revolving line of credit to an oil & gas pipeline and valve company with an 85% advance on accounts receivable and 50% advance on inventory.

Noble Funding also provided a $1 million revolving line of credit to an importer and distributor of fasteners and hardware with an 85% advance on accounts receivable and 40% advance on inventory.

Noble Funding arranges asset-based lines of credit for clients $1 million-$35 million.