February 6, 2009, ATLANTA – Presidential Financial’s Healthcare Division has closed a $1.5 million credit facility for Allegiance Home Health Care, an operator of long-term care communities in Troy, Michigan.

"Presidential Financial is a crucial partner in the success of our home healthcare business,” said Jon Knight, Chief Operating Officer of Allegiance. “They were extremely responsive and professional. Because Presidential understood the complex nature of our receivables and reimbursements, the transaction went much faster than I expected. I would highly recommend them to any company in our industry."

The Healthcare Division of Presidential Financial Corporation specializes in asset-based credit lines starting at $500,000, secured by Medicare, Medicaid, and commercial insurance accounts receivable. The firm’s clients include home care providers, hospices, skilled nursing facilities, hospitals, and diagnostic imaging centers, among others. Presidential also offers revolving credit lines starting at $200,000 for commercial businesses. 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.