Presidential Financial, a senior lender which provides working capital, asset-based lending, term debt and SBA financing, is pleased to announce a few of its recently closed transactions.

• A $4 million accounts receivable and inventory credit facility for a Florida-based manufacturer and distributor of women’s golf and tennis sportswear and activewear.  This 40-year old company has built a long-standing brand and was referred to us by its former lender.
• A $4 million accounts receivable credit facility for a California-based provider of behavioral healthcare and medical detox programs.  The company operates a residential treatment center, a sober living facility and offers intensive outpatient services.  Our relationship with the capital advisory group hired by this company resulted in this new client relationship.

Founded in 1981, Presidential has a long history of providing successful lending solutions to growing businesses.  In 2013, Presidential was acquired by MidFirst Bank, making Presidential one of the strongest and most versatile lenders in the marketsit serves.