Daily News: April 4, 2012

Summit Financial Resources Closes Six Transactions


Summit Financial Resources funded the following deals:

In the Western region, Summit completed a $750,000 A/R & inventory credit line to a manufacturer and distributor of textile products based in southern California, as well as a $750,000 A/R credit line to an IT staffing and consulting firm based in Bellevue, WA.

In the Midwest region, Summit funded a $150,000 A/R credit line to a rail hauling and transportation company, and a $300,000 A/R credit line to an IT staffing and consulting firm – both based in Chicago.

In the Intermountain region, Summit provided a $350,000 A/R credit line to a manufacturer and distributor of surveillance equipment based in Omaha.

In the Southwest region, Summit funded a $500,000 A/R credit line to a procurement and supply company based in Houston.