Presidential Financial provided $4 million in working capital facilities to OakCraft.
The funds were used to refinance the payoff to an existing lender, provide additional working capital and help facilitate further business expansion.
OakCraft manufactures kitchen cabinets primarily for major home subdivision builders. It produces all of its cabinetry and wood products in its facility located in Peoria, AZ.
Headquartered in Atlanta with offices in Dallas, Chicago, Cleveland, and Phoenix, Presidential Financial provides customized and flexible financing solutions to businesses throughout the country. It is owned by MidFirst Bank.
