Presidential Financial Corporation announced it has provided $4 million in working capital facilities to OakCraft, Inc. OakCraft, Inc. manufactures kitchen cabinets primarily for major home subdivision builders and has evolved into a reputable southwest brand, manufacturing all of its cabinetry and wood products in its facility located in Peoria, Arizona. The funds were used to refinance the payoff to an existing lender, provide additional working capital, and help facilitate further business expansion. The transaction was completed on August 3, 2018.

Headquartered in Atlanta with offices in Dallas, Chicago, Cleveland, and Phoenix, Presidential Financial Corporation provides customized and flexible financing solutions to growing businesses nationwide. Offering lines of credit of up to $30 million, Presidential Financial Corporation provides working capital and term loan facilities for acquisitions, recapitalizations, working capital needs and turnaround situations.

PFC is owned by MidFirst Bank, one of the nation’s largest privately held banks with more than $15 billion in assets. This unique structure gives PFC the flexibility of a finance company with the financial backing and stability of a bank.