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).
Headquartered in Grand Prairie, Texas, PDPPP is a rapidly growing manufacturer of premium, USA-made jerky, antlers and other pet treats and chews. The funds were used to provide additional working capital and capital expenditures for their plant expansion. The transaction was completed on February 15, 2017.
Headquartered in Atlanta with offices in Cleveland and Chicago, Presidential Financial Corporation provides customized and flexible financing solutions to growing businesses nationwide. Offering lines of credit of up to $30 million, Presidential al Financial Corporation provides working capital and term loan facilities for acquisitions, recapitalizations, working capital needs and turnaround situations.
PFC is owned by MidFirst Bank, one of the nation's largest privately held banks with approximately $13 billion in assets. This unique structure gives PFCC the flexibility of a finance company with the financial backing and stability of a bank.