Patriot Funding Supports Press Sale

Published: June 28, 2010

NEW YORK, NY | Patriot Funding Corp. recently arranged and funded a $1.8 million packaging transaction for a flexographic printing press for a client on Eastern Long Island, NY. The deal included a $500,000 equipment loan bank payoff and collateralization of the equipment. Patriot Funding Corp. and its director, Steven G. Clyne, collaborated closely with the client, the bank, and manufacturer to assure the six-year note met all of the requirements of both client and bank. Patriot Funding Corp. reports it is close to closing on a third piece of equipment with the same manufacturer. The name of the client was not revealed.