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 Accounts Receivable Factoring Line to a 29-year old specialty cheese manufacture, headquartered in the Northeast.  The new credit line will be used to provide working capital for the company as they prepare to move into their new state-of-the-art manufacturing facility.

The second was a $5,000,000 Asset Based Line of Credit to a healthcare staffing company in the Southeast. After a recent change in ownership, the staffing firm was seeking a line of credit to support their operations and growth.  The new line of credit will provide the working capital required for the company to execute on their expansion initiatives.

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.