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Federal National Comm’l Credit Provides $4MM Asset-Based Credit Line to Wholesaler

May 31, 2016, 07:40 AM
Filed Under: Wholesaler

Federal National Commercial Credit (FNCC) announced the recent funding of a $4 million asset-based line of credit, with a $2 million inventory sub-limit, to a Southern California based wholesale distributor.  The company was seeking to replace their existing credit bank line.  After other bank options failed, the Federal National team was able to provide a structure that the met the companies borrowing requirements.  Federal National recognized the opportunity and provided a new credit facility that will allow for improved working capital as the company realizes its growth potential.

Federal National Commercial Credit provides working capital financing for small and medium-sized sized businesses in a wide range of industries.  Since 1992, Federal National has provided reliable financing solutions for companies that are in transition, due to growth or have the need to find alternative financing. The flexible product offerings include: asset-based lines of credit, factoring lines, inventory financing, machinery and equipment term loans and advances on earned but unbilled  accounts receivable.

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