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Presidential Financial Provides $3MM Facility to Baked Goods Producer

October 28, 2014, 07:16 AM
Filed Under: Food Manufacturing

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.

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