UMB Capital Finance Closes $4MM AR Facility with Transportation Firm

UMB Bank closed and funded a $4,000,000 revolving account receivable credit facility for a transportation company specializing in the delivery of refrigerated freight nationwide. 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 Financial is a diversified financial holding company headquartered in Kansas City, MO., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers.