July 17, 2015
Summit Financial Resources recently provided $12 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 Western Region, Summit funded a $800,000 A/R & Inventory credit line to an automobile accessory distributor in Orange County, a $1,000,000 A/R & Inventory credit line to a textile company in Los Angeles, and a $500,000 A/R credit line to an IT consulting firm in Washington.
In the Intermountain Region, Summit funded a $750,000 A/R credit line to a distributor of hair care products based in Las Vegas.
In the Midwest Region, Summit funded a $125,000 A/R credit line to a transportation services firm and a $2,000,000 A/R & Inventory credit line to a plastic products manufacturer in Minnesota.
In the Northeast Region, Summit funded a $1,500,000 A/R credit facility to a manufacturer of electronic components, a $750,000 A/R credit facility to a designer and distributor of backpacking supplies, and a $750,000 A/R credit facility to an electromechanical products manufacturer.
In the Southeast Region, Summit funded a $250,000 A/R credit facility to a logistics firm, a $2,000,000 A/R & Inventory credit facility to a tableware distributor, and a $1,500,000 A/R & Inventory credit facility to a tire manufacturer, all based in North Carolina.