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Federal National Payables Provided Six FacilitiesBethesda, MD. Federal National Payables, Inc. announced it closed six short term working capital facilities during the fourth quarter totaling $10 million. The deals include a $150 thousand credit facility for a government contractor, who recently won a contract that would increase its monthly billing by approximately $100 thousand, and a $200 thousand line for a rapidly growing staffing firm. Additionally, a start-up with negative net worth but promising contracts received a $300 thousand facility. Furthermore, Federal National provided a high-tech engineering firm with a $400 thousand line and a physical security services firm received a $3 million line, allowing it to fulfill its current contracts. Finally, Federal National provided a $5 million line for a systems engineering and information technology solutions firm. Federal National Payables, founded in 1992, provides accounts receivable financing to help small- and mid-sized companies manage their cash flow while growing their business. Other Press ReleasesFederal National Payables Provided Two Working Capital Facilities, June 2010 Federal 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 Hires Senior Vice President, Region Manager, October 2008 |
