Daily News: July 2, 2012

Federal National Provides Five Working Capital Facilities

Federal National Commercial Credit (a/k/a Federal National Payables) provided working capital financing to five small businesses totaling $3.2 million.

This current activity includes the following accounts receivable facilities:

  • $ 1.5 million line for a government contractor providing information services

  • $500,000 line for a remote sensor manufacturer

  • $500,000 line for provider of application development solutions

  • $500,000 line for staffing firm

  • $150,000 line for CBE and HubZone Enterprise

    Headquartered in Bethesda, MD, Federal National Commercial Credit, formerly Federal National Payables, serves government contractors and other small businesses with accounts receivable financing.