MidCap Business Credit LLC Completes $11.2 Million Asset-Based Credit Facility to a Producer of Luxury Bottled and Canned Water Products

MidCap Business Credit LLC, announced today that it has completed a $11.2 million asset-based credit facility to a producer of luxury bottled and canned water products, headquartered in New York, NY. 

The opportunity was sourced and closed out of MidCap’s regional office in West Hartford, CT.  Seth Cooper, senior vice president and national sales manager, of MidCap Business Credit, LLC, said, "We were able to provide a flexible Asset Based Credit Facility comprised of a revolver and equipment term loan. Our credit facility will be utilized to support the company’s growth and provide the liquidity they require to execute on their strategic plan”.

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