UMB Bank, transacting business as UMB Capital Finance, closed a $4 million revolving account receivable credit facility for a North Dakota-based transportation company specializing in the delivery of refrigerated freight nationwide.
The proceeds are being used for working capital and to refinance an existing bank facility that was not meeting the customer’s cash flow needs.
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UMB Capital Finance has long been a major financing provider with a focus on transportation, manufacturing, distribution and service providers.
