Daily News: March 3, 2015

Summit Provides $7MM in Financing


Summit Financial Resources recently provided $7 million in working capital financing to a variety of small and medium-sized businesses across the country. They include A/R and inventory financing.

  • In the Intermountain Region, Summit funded a $1.5 million A/R credit line to a media replication company located in Salt Lake City.
  • In the Northeast Region, Summit funded a $350,000 A/R credit line to a provider of weatherization services in Connecticut.
  • In the Western Region, Summit funded a $2.25 million A/R and inventory credit line to an auto accessory supplier, a $400,000 A/R credit line to a manufacturer of hospitality lighting, a $250,000 A/R credit line to a hauling company, and a $2 million A/R credit line to a post-production services company specializing in the entertainment industry.