Daily News: November 13, 2012

Federal National Closes Five Transactions

Federal National Commercial Credit provided working capital financings to five small businesses, totaling $1.2 million. The deals include:

  • a $350,000 line for a professional services provider to the federal government

  • a $250,000 line for an IT services provider

  • a $250,000 accounts receivable factoring line for home healthcare staffing company

  • a $200,000 payroll funding line for specialty staffing firm

  • a $150,000 payroll funding line for a management consulting firm

    Federal National Commercial Credit specializes in providing short-term working capital through accounts receivable financing to government contractors and other small businesses that may not qualify for traditional bank financing.