MidCap Business Credit LLC Closes $16 Million Credit Facility for Frac Sand Manufacturer

MidCap Business Credit LLC (“MBC”) is pleased to announce the closing of a $16 million asset-based revolving and term loan credit facility for a privately held frac sand manufacturer based in the Midwest.

The credit facility will be used to support the company’s working capital needs and refinance existing debt, enabling the business to expand production capacity and meet growing demand from the energy sector. The borrower, a key supplier to oilfield service companies, specializes in high-quality proppant materials critical to hydraulic fracturing operations.

“We are excited to support this company’s continued growth and operational momentum” said Ryan Ray, Senior Vice President of Business Development for the Midwest. “Our flexible financing structure was designed to meet their objectives, and we look forward to a strong partnership.”

About MidCap Business Credit :

MidCap Business Credit is a privately held commercial finance company providing $3 to $30 million senior secured asset-based loans to lower middle market companies nationwide. In conjunction with working capital revolvers, MidCap is able to offer machinery and equipment and real estate term loans loans as well. Founded in 2004, MidCap's senior management includes seasoned commercial finance professionals who are personally engaged in each transaction to assure timely delivery of the most effective customized financing