Daily News: July 3, 2013

Summit Financial Closes $6.9MM in A/R Financings


Summit Financial Resources recently funded five transactions totaling $6.9 million.

In the western region, Summit funded a $1.7 million A/R & inventory credit line to a manufacturer of cosmetics.

In the intermountain region, Summit funded a $200,000 A/R credit line to a commercial maintenance firm in Salt Lake City; a $2 million A/R credit line to a sales outsourcing company based in Denver; and a $2 million A/R credit line to a concrete pipe manufacturer in Utah.

In the northeast region, Summit funded a $1 million A/R credit line to an online media advertising firm in New York.