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.
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 billion in assets. This unique structure gives PFC the flexibility of a finance company with the financial backing and stability of a bank.