Daily News: August 2, 2013

Summit Financial Funds More Than $5MM in A/R Lines


Summit Financial Resources recently funded six deals totaling more than $5 million.

In the northeast region, Summit funded a $1 million A/R, inventory & term loan credit line to a printing company and a $500,000 A/R credit line to a staffing company.

In the southeast region, Summit funded a $2 million A/R credit line to a utilities reseller based in Florida and a $2 million A/R credit line to a call center.

In the Midwest region, Summit funded a $200,000 A/R credit line to a machine shop based in Wisconsin, and in the intermountain region Summit funded a $250,000 A/R credit line to a nutritional supplements manufacturer based in Idaho.