Daily News: January 17, 2013

Federal National Closed Four Working Capital Financing Lines

Federal National Commercial Credit provided four working capital financing lines totaling $4 million. The deals include:

  • a $2 million working capital financing line for SDVOSB Information Security Management Company;

  • a $1.5 million accounts receivable factoring line for a telecommunication system provider;

  • a $300,000 payroll funding line for a provider of consultancy and staff augmentation services; and

  • a $200,000 government contract financing line for an 8(a) certified provider of program support services.

    Federal National Commercial Credit offers invoice factoring and asset based lending services for payroll funding and other working capital needs.