Presidential Financial has closed a $3 million revolving credit facility for Mission Health of Georgia, an operator of long-term care communities in the southeastern United States.

“There are few lenders with the knowledge and the capability to handle the very special set of circumstances you have with healthcare receivables. Presidential’s knowledge base is a clear differentiator,” said Mission Health’s CEO Scott Feuer. The company will use the line-of-credit for working capital and business expansion.

Mission Health was under a tight deadline to secure financing when it turned to the Healthcare Division of Presidential Financial. “Presidential committed to completing the deal in 21 days, and they got it done on terms, on pricing and in the timeframe we needed. It was a yeoman’s task, and we are very pleased with the result,” said Feuer.

“Mission Health’s facility size and the complexity of their requirements are right in our sweet spot, and we’re delighted to have them as a client,” said Phil Hooker, president of Presidential’s Healthcare Division. “Our flexibility and dedicated focus on providers like Mission Health enable us to respond quickly with a solution tailored to meet their needs.”

Specializing in healthcare financing since 1989, the Healthcare Division of Presidential serves organizations in the continental United States, including home-care providers, hospices, skilled nursing facilities, physician groups, hospitals, ambulance services, rehabilitation practices, diagnostic imaging centers and medical equipment companies, among others.