Daily News: April 2, 2013

Summit Financial Closes $2.5MM in A/R Financings


Summit Financial Resources recently funded five deals totaling $2.5 million.

In the Western Region, Summit funded a $750,000 A/R & inventory credit line to an aerospace manufacturing firm located in Southern California. In the Intermountain Region, Summit funded a $200,000 A/R credit line to a packaging fulfillment company in Salt Lake City.

In the Midwest Region, Summit funded a $300,000 A/R credit line to a steel fabricator based in Missouri, and a $750,000 A/R credit line to a machine tooling company based in Wisconsin. In the Southeast Region, Summit funded a $500,000 A/R credit line to a custom metals manufacturer in Charlotte.