Daily News: May 2, 2013

Summit Financial $7.2MM in A/R Credit Lines


Summit Financial Resources announced it recently funded the following deals:

  • In Northern California, Summit funded a $400,000 A/R credit line to a health food company based in Sacramento.

  • In Southern California, Summit funded an $850,000 A/R credit line to a consumer electronics testing firm, a $500,000 A/R credit line to a staffing company, a $2 million A/R credit line to a service company, and a $1 million A/R credit line to a jewelry manufacturer.

  • In the Intermountain Region, Summit funded a $700,000 A/R credit line to a wholesaler of books and other media based in Denver.

  • In the Midwest Region, Summit funded a $1.75 million A/R credit line to a manufacturer of corrugated containers based in St. Louis.