Daily News: November 1, 2012

Presidential Financial Provides Growth Capital to New Clients


Presidential Financial recently closed three accounts receivable credit facilities.

The first, totaling $3 million is for a transportation brokerage company located in Delaware. The firm specializes in transporting frozen and refrigerated seafood throughout the United States.

Another recently closed transaction is a $1 million accounts receivable credit facility for a Georgia-based company that creates polypropylene and nylon from recycled carpet.

Presidential said it also closed a $4 million accounts receivable credit facility for a New York-based earned media and strategic content distributions company. This firm specializes in helping its clients create and distribute content through television, radio and digital channels.

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