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 two new fundings.

 

The first was a $1,250,000 Asset Based Line of Credit to a custom millwork manufacturer in the Mid-Atlantic Region. This mature manufacturer was recently tasked with replacing their current bank financing relationship.  In conjunction with another lender, Federal National provided a comprehensive financing solution that was adequate to pay off the bank and provide on-going working capital for the company.

The second was a $1,500,000 AR Factoring Line to a custom metal fabrication company in the Southeast. This seven-year-old company was seeking a new working capital facility that would provide availability and flexibility as the company continues to expand their product line and diversify their customer base. 

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.