Modern Group Receives $22-Million Credit Line

Modern Group Ltd. of Bristol Township, PA has secured a $22-million revolving credit facility from PNC Bank to help it with future growth.

Modern provides leasing, sales, short-term rental and service for forklifts, warehouse products, construction equipment, generators and stand-by power generation. It also offers training on such equipment. It has more than $100 million in collective annual sales. The company will use the credit to purchase more inventory and fund future acquisitions, as well as cover working capital and liquidity needs.

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