Summit recently created Accounts Receivable & Inventory credit lines for the following companies:
In the Intermountain Region, Summit funded a $500,000 A/R credit line to an oil and gas services company, a $2,000,000 A/R credit line to an industrial packaging firm, and a $250,000 A/R credit line to a distributor of industrial lubricants based in Utah.
In the Southeast Region, Summit funded a $200,000 A/R credit line to a consulting services firm based in North Carolina.
In the Midwest Region, Summit funded a $2,000,000 A/R credit line to a medical device manufacturer in St. Louis, a $500,000 A/R credit line to a staffing company in Wisconsin, and a $1,000,000 A/R & Inventory credit line to an apparel manufacturer based in Ohio.