Daily News: April 17, 2012

Presidential Financial Closes Three Transactions


Presidential Financial announced the closing of a $2.5 million accounts receivable and inventory credit facility for a manufacturer and importer of hearths and fireplace accessories located in California.

Presidential also completed a $3 million accounts receivable credit facility for a Tennessee and West Virginia-based firm that installs natural gas pipelines for energy firms.

Presidential also announced the closing of a $1 million accounts receivable credit facility for a Georgia-based manufacturer of protective sports equipment.

Presidential Financial is a senior lender providing growth capital to businesses and healthcare providers throughout the United States.