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Federal National Payables Funds Five FacilitiesBethesda, MD. Federal National Payables, Inc. announced the closing of five accounts receivable lines, totaling $3.3 million. The deals include a $500 thousand line for a research and development firm providing services to the US Armed Forces, an $800 thousand facility for a professional service provider to the federal government, and an $800 thousand working capital line for a full-service business support firm. All three deals allowed the companies to satisfy their indebtedness to the bank and provide working capital to support their turn-around strategies. Federal National additionally provided an $800 thousand accounts receivable line for a program and business support services firm and a $400 thousand facility for a professional services provider. The lines provide the working capital to support the firms? rapid 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 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 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 |
