$1.5 Million Line for Facility Management and Logistic Support Services Firm

Challenge: A company providing facilities management and logistics support services to the federal government, District of Columbia government and the private sector experienced some delays in two large projects they won. Lower utilization rates and higher overhead, unsupported by projected new revenue, resulted in a prior-year loss and bank covenant violations.

Solution: The bank referred the company to Federal National who provided a $1.5 million financing facility to retire the firm’s indebtedness and meet the company’s financing needs.

Other Success Stories:

$4 Million Line for Technology Solutions Provider

$400 Thousand Line for Systems Development & Maintenance Provider

$4 Million Line for Staffing Firm

$2 Million Line for Marketing Media & Management Services Firm

$3 Million Line for Specialty Navy Contractor

$500 Thousand Line for Facilities and Event Management Services Provider

$400 Thousand Line for High-Tech Engineering Firm