Federal National Commercial Credit, an alternative lender providing working capital solutions to small and medium-sized businesses across various industries, announced the recent funding of a new client.
A $2,000,000 Accounts Receivable Factoring Line was provided to a woman-owned, government contractor that provides Language Services and Training to various federal and non-profit agencies. The financing will be used to pay off the existing bank line of credit and provide ongoing working capital as the company continues its expansion.