Presidential Financial Corporation announced it has provided a $6.5 million working capital and term loan facility to Chicago Extruded Metals Company (CXM).

Headquartered in Chicago, IL, CXM manufactures extruded shapes and small diameter rod and engineered copper alloys, to a wider range of customers throughout North America as well as being the only domestic producer of extruded aluminum bronze rod. The funds were used to refinance existing debt and to provide additional working capital. The transaction was completed on December 23, 2016.

Headquartered in Atlanta with offices in Cleveland and Chicago, Presidential Financial Corporation provides customized and flexible financing solutions to growing businesses nationwide. Offering lines of credit from $2 million 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 approximately $13 billion in assets. This unique structure gives PFC the flexibility of a finance company with the financial backing and stability of a bank.