ATLANTA – Presidential Financial announced the funding of several recent transactions totaling $4 million. The first is a $2 million accounts receivable and inventory credit facility for a distributor of geo-textile fabric located in Georgia. The second is a $500,000 accounts receivable credit facility for a steel fabricator in New Jersey. The third, closed by Presidential’s healthcare division, Presidential Healthcare Credit, is a $1.5 million healthcare receivables facility for a healthcare provider in Texas.

Also announced recently, in its continuing efforts to streamline operations and more effectively serve all clients, Presidential has completed the centralization of its client operations by moving its last remaining branch operations, which was located in New Jersey, into the company’s Atlanta headquarters. Presidential Healthcare Credit will continue to manage its operations from San Antonio, Texas.

“The combination of our recently launched technology platform and our redesigned and streamlined processes will allow us to even better serve our clients throughout the United States,” said Tom Matthesen, CEO. “In addition, we continue to be one of the few lenders in our market that is well-capitalized and well-funded. We are actively closing deals and have never been in a better position to grow our business. Our scalable infrastructure will ensure our focus on client service as we continue with our growth plans.”

Presidential Financial Corporation specializes in asset-based lines of credit, secured by accounts receivable and inventory. The firm’s clients include service businesses, manufacturing companies, wholesalers and distributors, and technology companies, among others. Presidential’s Healthcare Division, Presidential Healthcare Credit, provides receivables-based facilities for healthcare providers. Headquartered in Atlanta and founded in 1981, the company serves clients nationwide. For more information, visit www.PresidentialFinancial.com.


Established in 1981, Presidential Financial is a national asset-based strategic lender that provides working capital lines-of-credit to growing companies. The firm offers customized and flexible financing solutions, including lines-of-credit from $200,000 to commercial companies and lines-of-credit from $500,000 to healthcare organizations. Headquartered in Atlanta, privately held Presidential serves the entire U.S. The company is primarily owned by institutional investors, including Harbert Management Corporation, and Presidential executives. For more information visit www.presidentialfinancial.com.