Presidential Financial has closed a $3 million revolving credit facility for Cornerstone Health Services Group, Inc., a North Carolina-based nursing-care company that provides long-term, respite, hospice and post-acute care services in six Tennessee facilities.

Cornerstone executives turned to Presidential after the provider’s previous lender raised its required minimum credit line. “We are excited to be working with a company who understands the long-term care industry and who focuses on the needs of smaller providers,” said Cyndi Milenski, president and owner of Cornerstone.

Specializing in healthcare financing since 1989, the Healthcare Division of Presidential serves organizations in the continental United States, including home-care providers, hospices, skilled nursing facilities, physician groups, hospitals, ambulance services, rehabilitation practices, diagnostic imaging centers and medical equipment companies, among others.