Presidential Financial Corporation Announces Loan With Cleveland Metal Exchange
ATLANTA - Presidential Financial Corporation announced it has provided a $20 million working capital facility to CME Acquisitions, LLC dba Cleveland Metal Exchange. Headquartered in Twinsburg, Ohio, Cleveland Metal Exchange is a national distributor of stainless steel and aluminum products throughout the United States and Canada. The funds were used to refinance the payoff to an existing lender, provide additional working capital, and help facilitate further business expansion. The transaction was completed on December 5, 2017.
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Presidential Financial Corporation Announces Loan With Southern Sales & Marketing
ATLANTA - Presidential Financial Corporation announced it has provided a $15 million working capital facility to Southern Sales & Marketing Group. Headquartered in Villa Rica, Georgia, Southern Sales & Marketing wholesales outdoor lawn furniture and various other outdoor products. The funds were used to refinance the payoff to an existing lender and provide additional working capital and help facilitate further business expansion. The transaction was completed on November 2, 2017.
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Presidential Financial Corporation Announces Loan With Unicare Pharmacy
ATLANTA - Presidential Financial Corporation announced it has provided a $15 million working capital facility to Unicare Pharmacy. Headquartered in Van Nuys, California, Unicare operates as a family-owned and operated closed-door pharmacy. It provides specialty medications and support to those with chronic diseases that require complex and costly treatments. The funds were used to provide additional working capital and help facilitate further business expansion. The transaction was completed on July 24, 2017.
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Presidential Financial Corporation Announces Larry Swinney As Business Development Officer
ATLANTA - Presidential Financial Corporation (PFC) is pleased to announce that Larry Swinney has joined its team as a business development officer in Atlanta, Georgia. In his new role, Swinney will be responsible for originating, structuring, and funding asset based financing solutions with commitment amounts up to $30 million for middle-market businesses in the southeastern United States.
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Presidential Financial Corporation Announces Loan With Prairie Dog Pet Products, LLC
ATLANTA - Presidential Financial Corporation announced it has provided a $10 million working capital and term loan facility to Prairie Dog Pet Products, LLC (PDPP).
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Presidential Financial Corporation Announces Loan With Berkshire Investments, LLC D/B/A Chicago Extruded Metals Company
ATLANTA - Presidential Financial Corporation announced it has provided a $6.5 million working capital and term loan facility to Chicago Extruded Metals Company (CXM). Headquartered in Chicago, IL, CXM manufactures extruded shapes and small diameter rod and engineered copper alloys, to a wider range of customers throughout North America as well as being the only domestic producer of extruded aluminum bronze rod. The funds were used to refinance existing debt and to provide additional working capital. The transaction was completed on December 23, 2016.
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