Presidential Financial Corporation Revenue and Competitors

Established in 1981, Presidential Financial is a national asset-based commercial finance company that lends working capital secured by borrower's accounts receivable. The firm finances about 200 new customers a year and specializes in loans to commercial and healthcare businesses that have annual revenues of up to $20 million. Presidential is one of the country's largest asset-based lenders that isn't bank-owned. Its private, independent status allows the firm to be a resource for hundreds of financial institutions, whose referrals account for 70 percent of Presidential's customer base. The company has two service lines, one for commercial enterprises , mainly manufacturers, wholesale distributors and business service firms , and another to meet the unique needs of healthcare businesses, such as home care firms, physician practices and skilled nursing facilities. The latter is administered by Presidential Healthcare Credit, a division of Presidential Financial formed in 2005 with the acquisition of Alamo Capital (founded in 1989). Lines of credit range from $25,000 to $1.25 million for commercial businesses and $250,000 to $3 million for healthcare providers. Presidential arranges participation agreements for lines greater than $1.25 million. Headquartered in Atlanta, Presidential has regional offices in Baltimore, Boston, Chicago, San Antonio, Sewell, N.J. ( Philadelphia market) and Tampa, and satellite offices in Dallas, Ft. Lauderdale, Jamestown, N.C., Miami; Memphis, Pittsburgh and Vienna, Va. The company's ownership is majority institutional investors, and includes Presidential executives as well.