Presidential Financial Corporation announced it has provided $10 million in working capital and term facilities to FSTI, Inc.  Headquartered in Austin, TX, FSTI, Inc. manufactures and distributes a range of chemical products that are inherently safe for manufacturing processes in addition to providing logistics services through its 6 terminal locations. 

Companies served are in the oil and gas, semiconductor, and technology industries as well as municipal and utility companies throughout the United States. The funds were used to refinance the payoff to an existing lender, provide additional working capital, and help facilitate further business expansion. The transaction was completed on July 13, 2018.

Headquartered in Atlanta with offices in Dallas, Chicago, Cleveland, and Phoenix, Presidential Financial Corporation is owned by MidFirst Bank, one of the nation’s largest privately held banks with more than $14.9 billion in assets.