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Federal National Payables Provided Two Working Capital FacilitiesBethesda, MD. Federal National closed two accounts receivable lines, totaling $950 thousand. The deals include a $750 thousand working capital line for a consulting firm to the federal government. The facility allows the firm to satisfy their indebtedness to the bank and provides them with working capital. Additionally, Federal National provided a $200 thousand accounts receivable line to a system support services provider, giving the start-up sufficient working capital for future growth. 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 ReleasesFederal National Provided $2 Million Working Capital Line, May 2010 Federal National Payables Provided Eight Facilities, March 2010 Federal National Payables Funds Five Facilities, January 2010 Federal National Payables Funds Three Facilities, November 2009 Federal National Payables Funds Three Facilities Totaling $1.85 Million, September 2009 Federal National Payables Funds Facilities Totaling $6.4 Million, July 2009 Federal National Payables Funds Two Facilities, May 2009 Federal National Payables Provided Six Facilities, December 2008 Federal National Payables Hires Senior Vice President, Region Manager, October 2008 |
