Huntington Business Credit Closes $16 Million in new Credit Facilities with Stansport, LLC on March 31, 2022

Huntington Business Credit announced it closed $16,000,000 in new credit facilities with Stansport, LLC on March 31, 2022.  Proceeds of the facility were used to provide acquisition financing and to provide ongoing working capital growth financing.              

Stansport, LLC, headquartered in Los Angeles, California, is a supplier of branded and private label camping, hiking, outdoor, survival, emergency prep gear and child play tents primarily to leading retailers. 

Stansport, LLC is a portfolio company of HNB Capital, a family private equity office located in Los Angeles, California.                       

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.