Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announced a recently closed transaction.
A line of credit, in the amount of $6 million, was extended to an audio electronics manufacturer in Louisiana.
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 $20 million or more. In 2013, Presidential was acquired by MidFirst Bank.