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Presidential Financial Provides $4MM Working Capital to Montville Plastics & Rubber

January 19, 2018, 07:00 AM
Filed Under: Plastics

Presidential Financial Corporation announced it has provided $4 million in working capital and term facilities to Montville Plastics & Rubber, LLC. Headquartered in Parkman, Ohio, Montville is a manufacturer of custom injection molded and extruded plastic products. They specialize in precision profile plastic extrusion of various materials that serve manufacturers of industrial and consumer products, including the transportation, utilities and construction markets. The funds were used to refinance the payoff to an existing lender, provide additional working capital, and help facilitate further business expansion. The transaction was completed on January 11, 2018.

Headquartered in Atlanta with offices in Chicago, Cleveland, Dallas and Phoenix, Presidential Financial Corporation provides customized and flexible financing solutions to growing businesses nationwide. Offering lines of credit of up to $30 million, Presidential Financial Corporation provides working capital and term loan facilities for acquisitions, recapitalizations, working capital needs and turnaround situations.

PFC is owned by MidFirst Bank, one of the nation’s largest privately held banks with more than $14.9 billion in assets. This unique structure gives PFC the flexibility of a finance company with the financial backing and stability of a bank.

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