Brief: Smith-Midland Renewed Line Of Credit For Up To $5 Million With Summit Community Bank
06/12/2023 22:27
Dec 6 (Reuters) - Smith-Midland Corp SMID.O :
* SMITH-MIDLAND - ON NOV 29, RENEWED LINE OF CREDIT WITH
SUMMIT
COMMUNITY BANK FOR UP TO $5 MILLION UNDER SUBSTANTIALLY SAME
TERMS AND IN SAME AMOUNT
* SMITH-MIDLAND - AGREEMENT PROVIDES BORROWING AMOUNT CANNOT
EXCEED 50% OF ELIGIBLE ACCOUNTS RECEIVABLE, BANK MAY DECLINE TO
ADVANCE FUNDS AT DISCRETION
* SMITH-MIDLAND CORP - LOAN MATURES ON OCTOBER 1, 2024
Further company coverage: SMID.O
((Reuters.Briefs@thomsonreuters.com;))
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