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Federal National Payables Funds Three FacilitiesBethesda, MD. Federal National Payables, Inc. announced the closing of three working capital funding lines, totaling $1.7 million. The deals include a $1.5 million line for a professional services firm, allowing the company to satisfy its indebtedness to the bank and fund its working capital requirements. Additionally, an information technology provider to the government received a $100 thousand line to fund its rapid growth. Finally, Federal National financed an operations research consulting firm with a $75 thousand facility, which will provide the rapidly growing start-up company with working capital to fund its new government contracts. 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 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 |
