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Presidential Financial Provides $5MM to Wholesale Fuel Provider

Date: Sep 05, 2014 @ 07:35 AM
Filed Under: Distribution

Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce a recently closed transaction.  A $5 million accounts receivable credit facility has been extended to a New Mexico-based wholesale fuel provider.

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.

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