February 17, 2009, Alpharetta, GA. - Presidential Financial, a large, privately-held asset-based commercial lender that serves the entire United States, announced the completion of a new credit facility with Bank of America, N.A. as Agent. In addition, the company’s primary shareholder, Harbert Private Equity Fund II, LLC, infused additional growth capital into Presidential.

“At a time when capital continues to be severely restricted for the small and mid-sized borrower, we are pleased that Presidential’s capital base is intact, and has grown, in order to meet the increase in demand from companies across the country” said the company’s CEO, Tom Matthesen, a veteran of the financial industry who was brought in a year ago to execute the company‘s growth plan. “Throughout our 28 year history, there has never been a time when our ability to fund and to provide our clients with superior service has been more needed. Our lack of real estate exposure has kept our balance sheet clean while we seek to serve the needs of our working capital borrowers.”

Presidential continues to provide mid-sized commercial businesses with credit lines of $200,000 and up, and its healthcare division, Presidential Healthcare Credit, specializes in the unique financing of that industry with credit lines of $500,000 and up. The company has expertise in providing working capital financing to growing business and healthcare providers, and helps these entities to be successful when facing sales growth, geographic expansion, and turnaround situations. 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.