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 Intermountain Region, Summit funded a $500,000 A/R credit line to a portable lock manufacturer, and a $2,000,000 A/R & Inventory credit line to a manufacturer of detergents and ice melt products – both based in Utah.
In the Midwest Region, Summit funded a $500,000 A/R credit line to an OSHA consulting firm based in Illinois, a $2,000,000 A/R credit line to a technology consulting firm in Minnesota, and a $250,000 A/R credit line to a resin manufacturer in Wisconsin.
In the Southeast Region, Summit funded a $250,000 A/R credit line to a yarn importer, and a $1,500,000 A/R and Inventory credit line to a distributor of bar and kitchen products, both in North Carolina.