The Commercial Finance Division of Pathward announced the funding of three credit facilities totaling $15MM in various industries.

• An $8 million asset-based revolving line of credit facility to a PVC and thermoplastics manufacturer in Indiana. The financing provides the company with funding to pay off its current line of credit and to provide ongoing working capital.  

• A $4 million ledgered line of credit facility to Georgia-based company that sells and promotes arts and crafts. The company is experiencing significant sales growth with a new retail distribution partner and will use the line of credit to finance overseas orders.

• A $3 million asset-based line of credit facility for the acquisition of a baking products and packaging manufacturer in Ohio by a California firm in the confections industry. The financing provided the company with funding for the acquisition and ongoing working capital.