MidCap Business Credit Provides $8 Million Credit Facility for Manufacturer of Precision Components and Assemblies

MidCap Business Credit announced today they have closed on an $8,000,000 asset-based credit facility for a manufacturer of precision components and assemblies in the aerospace and defense industry.

The opportunity was sourced out of MidCap’s office located in West Hartford, CT.   Seth Cooper, Senior Vice President of MidCap Business Credit said, “We were able to provide the company with the additional liquidity they required which will allow them to execute on their strategic plan and support their growth”.

MidCap Business Credit provides asset-based credit facilities to lower and middle market businesses nationwide, who have borrowing requirements from $2MM to $20MM.