Recent FNCC Working Capital Fundings

Federal National Commercial Credit, an alternative lender providing working capital solutions to small and medium-sized businesses across various industries, today announced they recently completed a new funding to an IT Service Provider.

The Asset Based Line of Credit was for $2,000,000 to a Southern California based IT services provider. The twenty-eight-year-old company was seeking to replace their existing bank line of credit with a new line that will provide additional flexibility. The new credit facility provides a sub-limit for advances against Earned but Unbilled Accounts Receivable.  

About Federal National Commercial Credit  

Federal National Commercial Credit provides working capital financing for small and medium-sized sized businesses in a wide range of industries.  Since 1992, Federal National has provided reliable financing solutions for companies that are in transition, due to growth or have the need to find alternative financing. The flexible product offerings include: Asset Based Lines of Credit, Factoring Lines, Inventory Financing, Machinery and Equipment Term Loans and Advances on Earned but Unbilled Accounts Receivable.