Daily News: February 14, 2012

Presidential Financial Completes Three Transactions


Presidential Financial announced the closing of an accounts receivable and inventory credit facility totaling $3 million for a manufacturer of steel construction components located in North Carolina.

Presidential also recently closed a $2 million accounts receivable credit facility for a manufacturer of wooden cabinet components located in Georgia.

Presidential continues to expand its presence in the healthcare industry. Presidential Healthcare Credit closed a $5 million accounts receivable credit facility for an Illinois-based provider of caregiver services to seniors.

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