Federal National Commercial Credit (FNCC) announced the firm has provided new credit facilities for the following companies:
- $4 million asset-based line of credit for an engineering and communication services company located in the Northeast Region.
- $1 million asset-based line of credit for an aerospace engineering firm located in the Southeast Region.
- $500,000 Factoring Line for an IT and security services company locating in the Western Region.
- $6 million asset-based line of credit for a computer programing firm located in the Southeast Region.
Federal National Commercial Credit (FNCC) provides working capital financing for small and medium-sized sized businesses in a wide range of industries. Since 1992, Federal National has provided reliable financing solutions for companies that are in transition, due to growth or have the need to find alternative financing. The flexible product offerings include: asset-based lines of credit, factoring lines, inventory financing, machinery and equipment term loans and advances on earned but unbilled accounts receivable.