 |
$500 Thousand Line for Facilities and Event Management Services ProviderChallenge: A Lanham, MD provider of facilities and event management services to the government won three new prime federal government contracts, but when they approached their bank about increasing their credit facility, the company’s prior year losses caused the bank to decline the request. Solution: Federal National satisfied the company’s obligation to the bank and provided a $500 thousand facility, delivering the added liquidity they needed to support the business. The bank continues to meet the company’s deposit requirements and hopes to reestablish the credit relationship after a year of profitable performance. Other Success Stories$4 Million Line for Technology Solutions Provider $400 Thousand Line for Systems Development & Maintenance Provider $4 Million Line for Staffing Firm $2 Million Line for Marketing Media & Management Services Firm $3 Million Line for Specialty Navy Contractor $1.5 Million Line for Facility Management and Logistic Support Services Firm |
