Federal National Commercial Credit recently announced it closed a $6 million asset-based credit facility for an expanding Southeast courier service.  The company had recently won a substantial contract with a major dot.com retailer and needed additional capital to hire drivers and expand outside of the current footprint.  The courier’s financial advisor introduced FNCC in order to facilitate improved working capital availability and greater flexibility in their Line of Credit.  The credit facility included a Sub-Limit for “Earned but Unbilled Accounts” that helped provide a solution to the cash flow challenges of the company.

Access to Federal National’s senior decision makers, creative ABL structuring and timely closing was key to the success of this transaction.

Federal National offers ABL and factoring lines of credit to commercial and government enterprises nationwide ranging from $200,000 to $7 million.