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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 Payables Hires Senior Business Development Officer, January 2012 Federal National Payables Provided Nine Working Capital Facilities, July 2011 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 |
