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Federal National Commercial Credit Announces Recent Fundings

August 08, 2016, 08:06 AM

Federal National Commercial Credit (FNCC) announced the recent funding of four new clients.  These companies represent a sample of the types of creative financing solutions provided by Federal National.The deals are:

  • Apparel Manufacturer -- $2 million Asset-Based Line of Credit (AR & INV) in the Southeast Region to refinance current debt, provide additional on-going working capital
  • Oilfield Services Company -- $750,000 AR Factoring Line in the Southwest Region providing early stage growth on-going working capital
  • Cyber Security Firm -- $3 million Asset-Based Line of Credit in the Mid-Atlantic Region to provide on-going working capital
  • Manufacturer & Distributor of Hunting Accessories -- $1.5 million AR Factoring Line in the Southeast Region providing early stage growth on-going working capital

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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