Daily News: July 12, 2012

Presidential Financial Completes Three A/R Facilities


Presidential Financial announced the closing of a $5 million accounts receivable and inventory credit facility for a supplier and distributor of processed egg products located in Iowa.

Presidential also closed is a $4.5 million accounts receivable and inventory credit facility for a North Carolina-based provider of equipment and services for storing, pumping and mixing petroleum and industrial liquids.

In addition, Presidential completed a $1 million accounts receivable credit facility for a corporate apparel manufacturer and importer located in North Carolina.

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