First citizens bank completes $6.5 million credit facility

Los angeles , aug. 21, 2023 /prnewswire/ -- first citizens bank today announced that its cit commercial services subsidiary has completed a $6.5 million credit facility with a california-based home furnishings and apparel importer. under the agreement, cit commercial services will also take the lead in managing a significant share of the company's accounts receivable from a variety of retailers, enabling the client to better manage its cash flow and protect its assets and operations.
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