Daily News: July 2, 2012

Summit Financial Resources Closes Six A/R Credit Lines


Summit Financial Resources announced it funded six A/R credit lines totaling $3.2 million.

In the Western region, Summit funded a $750,000 A/R and inventory credit line to a manufacturer and distributor of industrial cables based in Los Angeles.

In the Intermountain region, Summit funded a $300,000 A/R credit line to an interstate trucking company based in Boulder, and a $300,000 A/R credit line to a temporary staffing company based in Salt Lake City.

In the Southwest region, Summit funded a $500,000 A/R credit line to a healthcare software firm located in Dallas.

In the Midwest region, Summit funded a $750,000 A/R credit line to a commercial moving and storage company based in Chicago.

In the Southeast region, Summit funded a $600,000 A/R credit line to a distributor of power tools located in Miami.