Feb 25, 2019 | Asset Based Financing, Asset Based Lending, Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION When a large staffing company needed funding in less than a week, Summit came through. This company provides translators and other services for the U.S. Government overseas. Their quarterly bonuses were due, but the company’s funding source was...Read more
Jul 20, 2018 | Fundings, North Mill Capital
Princeton, NJ January through June 2018 Deal Announcements North Mill Capital LLC is pleased to announce the funding of the following transactions: $3,000,000 to China Direct International http://bit.ly/2m9k84n $1,000,000 to Corchran, Inc. http://bit.ly/2unbsLq...Read more
Jul 15, 2018 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION When a new ownership group acquired control of this existing trucking and packaging firm, they tried to get a bank line of credit. But due to the start-up nature of the new entity, they did not qualify. The bank referred the company to Summit. THE...Read more
Dec 27, 2016 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION This distributor of aerospace parts had been in business for over 15 years, but a management reorganization resulted in a downturn of overall business. The company became undercapitalized, negatively impacting their trade credit. When their bank couldn’t...Read more
Jul 14, 2016 | Fundings, Working Capital Financing
These fundings include Accounts Receivable financing for the following companies: In the Southeast Region, Summit funded a $3,000,000 A/R credit line to a short haul transportation company based in Georgia, as well as a $100,000 A/R credit line to a diesel truck...Read more
Apr 14, 2016 | Fundings, Inventory Financing
Summit Financial Resources recently provided $7 million in working capital financing to a variety of small and medium-sized businesses across the country. These fundings include Accounts Receivable & Inventory financing for the following companies: In the...Read more
