Program

Presidential Financial

Minimum/Maximum Amounts

Loans range from $25,000 to $1,000,000.  Larger credit lines can be completed in conjunction with a participating lender.

Eligible Activities

Alternative funding source for companies that are temporarily unable to obtain or continue with bank financing.  Loans are primarily accounts receivable based.

Term & Amortization

Loans can be made without a long term contract.  Payments will vary depending on the turn of the accounts receivable.

Rate

Pricing has two components - prime + 2% on the average daily loan balance plus service charges which are negotiated.

Fees

Range from $750 to $1,250 to conduct a lien and judgment search.

Loan Processing Considerations

Special Notes

Financing and documentation can be completed in 2 weeks.

Job Creation/Retention Requirements

N/A

Where to Apply

Initial information exchange by fax and make arrangements to meet at the client's site.

Contact Person

Jim Grebe, Assistant Vice-President
Phone: 856-228-5476
Fax:      858-228-5111
Email:   jimgrebe@pfc-net.com

Web link

www.presidentialfinancial.com

Application Download Available