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Presidential Financial Provides Growth Capital to New Clients

March 04, 2014, 07:06 AM

Presidential Financial, a senior lender which provides working capital, asset-based lending, term debt and SBA financing, is pleased to announce a few of the firm's recently closed transactions.

  • A $7 million Accounts Receivable, Inventory, and Cap-Ex credit facility for a Florida-based manufacturer of electronic components and provider of electronic contract manufacturing services.  This company, referred to Presidential by a long-standing referral source, is another one of our many private equity sponsored clients.
  • A $4.5 million Accounts Receivable, Inventory, Letter of Credit, Cap-Ex and Term Debt credit facility, for an Arizona-based vertically integrated manufacturer of turbine engine components for the aero and industrial gas turbine industries.  Presidential's relationship with the private equity firm that owns this company resulted in this new client relationship.

Founded in 1981, Presidential has a long history of providing successful lending solutions to growing businesses.  In 2013, Presidential was acquired by MidFirst Bank, making Presidential one of the strongest and most versatile lenders in the markets that we serve.

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