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 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 12, 2017 | In The News, North Mill Capital, Working Capital Financing
by Jessica Staheli The Secured Lender This year’s Women in Commercial Finance Annual Breakfast was the most well-attended in WICF history, with so many of our women colleagues attending that additional tables had to be brought in to accommodate us all! As we settled...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
Sep 30, 2016 | Inventory Financing, Working Capital Financing
Summit Financial Resources recently provided over $11 million in financing to small and medium-sized businesses — in all of our regions nationwide. These fundings include Accounts Receivable & Inventory financing for the following companies: In the Northwest...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
