Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce a recently closed transaction.

Presidential provided a $3 million Accounts Receivable and Inventory credit facility has been extended to a North Carolina-based awning and tarpaulins fabricator.

Founded in 1981, Presidential has a long history of providing successful lending solutions to growing businesses, offering credit facilities that range from $1 million to $10 million or more. In 2013, Presidential was acquired by MidFirst Bank, making Presidential one of the strongest and most versatile lenders in the markets it serves.