Federal National Payables Provided Nine Working Capital Facilities

Bethesda, MD. Federal National Payables, Inc. recently closed nine accounts receivable lines, totaling $6.1 million.

This current activity includes the following accounts receivable facilities:

• $1.5 million for a provider of program management and business support services to the federal government, supporting the firm's rapid growth;
• $1.2 million for an IT services provider allowing the firm to overcome obstacles of traditional financing;
• $1 million for a security service provider to the federal government that outgrew its self-financing capacities;
• $800 thousand for a provider of cultural role player services to fuel its growth;
• $500 thousand for a ship and boat repair services firm to support its rapid growth;
• $400 thousand for a provider of management and technology solutions;
• $300 thousand for a start-up provider of guard services;
• $300 thousand for a start-up IT services business;
• $100 thousand for a recruitment and staffing services provider.

Federal National Payables, founded in 1992, provides accounts receivable financing to help small and mid-sized companies meet their short term working capital requirements.

Other Press Releases

Federal National Payables Hires Senior Business Development Officer, January 2012

Federal National Payables Provided Twelve Working Capital Facilities, April 2011

Federal National Payables, Inc. Management Buyout, December 2010

Federal National Payables Provided Seven Working Capital Facilities, November 2010

Federal National Payables Provided Two Working Capital Facilities, June 2010