Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announced a recently closed accounts receivable and inventory credit facility, in the amount of $3 million. The facility was extended to a manufacturer of baked goods in Florida.
Founded in 1981, Presidential has a long history of providing successful lendingsolutions to growing businesses, offering credit facilities that range from $1 million to $20 million or more. In 2013, Presidential was acquired by MidFirst Bank.