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.
Headquartered in Atlanta with offices in Chicago, Cleveland, Dallas and Phoenix, Presidential Financial Corporation provides customized and flexible financing solutions to growing businesses nationwide. Offering lines of credit of up to $30 million, Presidential 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 more than $14.9 billion in assets. This unique structure gives PFC the flexibility of a finance company with the financial backing and stability of a bank.