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Federal National Closed Three A/R Factoring Lines

June 19, 2013, 03:34 PM
Filed Under: Factoring

Federal National Commercial Credit provided accounts receivable factoring lines to three small businesses, totaling $2.8 million. The deals include:

  • $2 Million Contract Financing Line for IT Consulting Firm
  • $500 Thousand Accounts Receivable Factoring Line for SDVOSB Health Services Organization
  • $300 Thousand Payroll Funding Line for Engineering Services Provider

Federal National offers invoice factoring and asset based lending services for payroll funding and other working capital needs. Since 1992, Federal National has provided reliable, competitively priced working capital financing to small businesses that do not qualify for enough traditional bank financing.

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