FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

Federal National Commercial Credit Announces Recent Fundings

May 08, 2017, 08:00 AM
Filed Under: Industry News


Federal National Commercial Credit, an alternative lender providing working capital solutions to small and medium-sized businesses across various industries, announced they recently completed two new fundings.

The first was a $1,250,000 Asset Based Line of Credit to a custom millwork manufacturer in the Mid-Atlantic Region. This mature manufacturer was recently tasked with replacing their current bank financing relationship.  In conjunction with another lender, Federal National provided a comprehensive financing solution that was adequate to pay off the bank and provide on-going working capital for the company.

The second was a $1,500,000 AR Factoring Line to a custom metal fabrication company in the Southeast. This seven-year-old company was seeking a new working capital facility that would provide availability and flexibility as the company continues to expand their product line and diversify their customer base. 





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.