MidCap Business Credit Closes on an $6.5 Million Asset-based Credit Facility Licensed Pharmaceutical Products Distributor

MidCap Business Credit announced today they have closed on an $6,500,000 asset-based credit facility to a New England-based distributor of licensed pharmaceutical products.   The new relationship and was sourced and closed out MidCap’s headquarters in West Hartford, CT.  

Seth Cooper, Senior Vice President said, “We were able to provide a flexible asset-based revolver which will support the company’s working capital requirements.  We look forward to continuing our strong relationship with management and helping them execute on their strategic plan to achieve their financial objectives.”

MidCap Business Credit provides asset-based credit facilities to lower- and middle-market businesses nationwide, who have borrowing requirements from $3MM to $20MM.