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Federal National Commercial Credit Announces Recent Fundings

May 08, 2017, 08:00 AM
Filed Under: Industry News

Federal National Commercial Credit, an alternative lender providing working capital solutions to small and medium-sized businesses across various industries, announced they recently completed two new fundings.

The first was a $1,250,000 Asset Based Line of Credit to a custom millwork manufacturer in the Mid-Atlantic Region. This mature manufacturer was recently tasked with replacing their current bank financing relationship.  In conjunction with another lender, Federal National provided a comprehensive financing solution that was adequate to pay off the bank and provide on-going working capital for the company.

The second was a $1,500,000 AR Factoring Line to a custom metal fabrication company in the Southeast. This seven-year-old company was seeking a new working capital facility that would provide availability and flexibility as the company continues to expand their product line and diversify their customer base. 

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