Huntington Business Credit Announces Closed Credit Facilities with Paragon Steel Enterprises, LLC

Huntington Business Credit announced it closed new $23,000,000 credit facilities with Paragon Steel Enterprises, LLC on September 29, 2020.  Proceeds of the facilities were used to refinance existing indebtedness, provide funds for plant expansion and ongoing working capital growth financing.              

Huntington Business Credit provides working capital and term loan facilities to middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.

Paragon Steel Enterprises, LLC, located in Butler, Indiana, is a steel processor specializing in prime and secondary sheet coils, including specialty processing and slitting services.