Daily News: October 2, 2013

Veritas/Midland Provide Credit to Home Furnishings Manufacturer

Veritas Financial Partners and Midland American Capital provided a $3 million credit facility to a home furnishings manufacturer, collateralized by the company’s account receivables. The line of credit was utilized to refinance existing indebtedness and for general working capital needs to continue the company’s growth strategy.

The company is a Southeastern-based manufacturer of decorative home furnishings and specializes in producing proprietary scented products.