Daily News: November 6, 2013

Summit Financial Funds More Than $6MM in Facilities


Summit Financial Resources announced it recently funded over $6 million in credit facilities nationwide.

In the Intermountain Region, Summit funded a $500,000 A/R credit line to an electronics manufacturer in Colorado and a $150,000 A/R credit line to a distributor of janitorial supplies in Utah.

In the Midwest Region, Summit funded a $2 million A/R credit line to a die cast manufacturer in Iowa.

In the Northeast Region, Summit funded a $1 million A/R & inventory credit line to an online media service provider, a $1 million A/R credit line to a packaging company, a $750,000 A/R credit line to a distributor of gourmet baking goods and a $650,000 A/R credit line to an online publishing company.