Daily News: September 7, 2012

Presidential Financial Closes Three Transactions


Presidential Financial announced it completed three recent transactions totaling $10.5 million. The deals include:

  • a $5 million accounts receivable and inventory facility for a supplier and distributor of processed eggs products located in Iowa.

  • a $4.5 million accounts receivable and inventory facility for a North Carolina-based provider of equipment and services used for storing, pumping and mixing petroleum and industrial liquids.

  • a $1 million accounts receivable credit facility for a corporate apparel manufacturer and importer in North Carolina.