Daily News: March 12, 2012

Presidential Financial Announces $8 Million in New Closings


Presidential Financial announced the closing of an accounts receivable and inventory credit facility totaling $3 million for a provider of powered mobility equipment located in FL.

Presidential also said it recently closed is a $3 million accounts receivable credit facility for a media publication company based in NY and an accounts receivable and inventory credit facility totaling $2 million for a manufacturer of frozen Italian ice products located in FL.

Atlanta, GA-based Presidential Financial is a senior lender providing growth capital to businesses and healthcare providers throughout the U.S.