Daily News: January 28, 2016

Summit Financial Closes $4.5MM In Financing in 2016


Summit Financial Resources sent $4.5 million in working capital financing out the door during the first ten days of January.

Summit funded:

  • A $2 million A/R credit line to a professional services firm in the Upper Midwest
  • A $500,000 A/R credit line to an occupational consulting firm in the Midwest, and a $2 million A/R and inventory line to a manufacturer of chemical products in the Intermountain Region

Other recent Summit fundings include a $200,000 A/R credit line for a manufacturer of molded foam products in the Southeast, a $300,000 A/R credit line to an apparel manufacturer in the Pacific Northwest, and a $300,000 A/R credit line to a data storage device firm in Southern California.