Daily News: March 6, 2012

Federal National Payables Provides Ten Working Capital Facilities

Federal National Payables, Inc. closed ten accounts receivable lines, totaling $5.3 million.

This current activity includes the following accounts receivable facilities:

  • $1.2 million for an IT solutions firm;

  • $800,000 line for a startup health services company;

  • $750,000 line for a software products and services company;

  • $750,000 line for a provider of professional and integrated IT services;

  • $650,000 line for a provider of project management and cost analysis support;

  • $400,000 line for a startup IT and telecommunications consulting services provider;

  • $300,000 line for an IT consulting firm;

  • $200,000 line for a healthcare staffing firm;

  • $200,000 line for a cultural immersion and awareness training provider;

  • $90,000 line for a HUBZone certified IT business.

    Federal National Payables, founded in 1992, provides accounts receivable financing to help small- and mid-sized companies grow and meet their working capital needs.