Daily News: December 3, 2012

Summit Closes $8 Million in Credit Lines


Summit Financial Resources funded over $8 million in credit lines to companies across the country.

In the Western region, Summit funded a 300,000 A/R credit line to an engineering and architectural firm based in northern California, and two deals in southern California: a $1 million A/R credit line to a general goods distributor and a $1 million A/R & Inventory credit line to a gourmet foods distributor.

In the Intermountain region, Summit funded a $3 million A/R credit line to a transportation company based in Denver.

In the Midwest region, Summit funded a $2 million A/R credit line to a cooling equipment manufacturer based in Missouri.

In the Southwest region, Summit funded a $500,000 A/R credit line to a manufacturer of lubricants based in Oklahoma.

In the Northeast Region Summit funded a $750,000 A/R credit line to a frozen seafood distributor based in New Hampshire.