Daily News: March 14, 2013

Summit Financial Provides $4.9MM in Financing


Summit Financial Resources said it recently provided $4.9 million in working capital financing to a variety of companies across the country.

In the western region, Summit created a $3 million A/R & inventory credit line for a paper processor in Los Angeles.

Additionally, in the intermountain region, Summit has funded a $300,000 A/R credit line to a water feature wholesaler in Salt Lake City.

In the southeast region, Summit funded a $150,000 A/R credit facility to an engineering and drafting supplies distributor in Florida and a $250,000 A/R credit line for a medical services company in Atlanta.

In the northeast region, Summit funded a $1.2 million A/R credit line to precision parts metal manufacturer in New Hampshire.