Summit Financial Resources recently provided over $10 million in working capital financing to a wide variety of small and medium-sized businesses across the country. These fundings include Accounts Receivable and Inventory financing for the following companies in every Summit market:
In the Western Region Credit Line Sales Rep, Summit funded a $1,000,000 A/R & Inventory credit line to a manufacturer of lighting fixtures and a $1,000,000 A/R & Inventory credit line to a distributor of floral products in Washington.
In the Intermountain Region Business Credit Line Sales Rep, Summit funded a $500,000 A/R credit line to a staffing augmentation firm and a $150,000 A/R credit line to an IT consulting firm.
In the Midwest Region Business Credit Line Sales Rep, Summit funded a $2,000,000 A/R credit line to a provider of background search services, and a $750,000 A/R credit line to a welding machine shop located in Illinois.
In the Southeast Region Business Credit Line Sales Rep, Summit funded a $2,300,000 A/R credit line to a materials recycling firm and a $2,000,000 A/R & Inventory credit line to a plastics manufacturer, both located in North Carolina.
In the Northeast Region Business Credit Line Sales Rep, Summit funded a $250,000 A/R credit line to an IT staffing firm located in Washington, DC, and a $1,000,000 A/R & Inventory credit line to a seafood products distributor based in Maine.