Daily News: October 29, 2012

Southeastern Commercial Finance Closes Two Transactions


Southeastern Commercial Finance announced it has closed two transactions totaling $2.8 million. The deals include:

  • a $2 million accounts receivable and inventory working capital line of credit to a food distributor based in South Carolina

  • an 800,000 accounts receivable and inventory working capital line of credit to a distributor of compressors for the air conditioning, heating and refrigeration industry in Georgia.

    Southeastern Commercial Finance provides asset-based revolving lines of credit from $250,000 to $2 million on eligible collateral. The company covers the manufacturing, wholesale, distribution, transportation and service industries.