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UMB Bank, N.A., transacting business as UMB Capital Finance, announced the closing and funding of a $2 million revolving account receivable credit facility for a transportation company specializing in flat bed equipment hauls. The proceeds of the facility are being used for working capital and to refinance an existing bank facility that was not meeting the customer’s cash flow needs.
UMB Capital Finance is major financing provider with a focus on transportation, manufacturing, distribution and service providers.