$4 Million Line for Contractor to the Department of DefenseChallenge: A company providing battlefield, telecommunications and new equipment training solutions to the Department of Defense violated its loan covenants. As a result the firm was unable to renew its credit facility during a period of rapid growth. Solution: A $4 million line from Federal National refinanced the bank credit facility and immediately provided the needed working capital to support its growth. Other Success StoriesAccounts Receivable Line for Provider of Software Architecture Engineering Working Capital Line for IT Service Provider $750 Thousand Line for Consulting Firm to Federal Government $2 Million Line for Technology Consulting Company $200 Thousand Line for Provider of Systems Support Services $1.5 Million Line for Decision Support and Engineering Services Firm $100 Thousand Line for Start-Up Company |
