MidCap Business Credit Adds Ray to New Business Team

WEST HARTFORD, CT – October 7, 2024 – MidCap Business Credit has appointed Ryan Ray as Senior Vice President of its business development team.  Ray has spent the last 15 years in asset-based finance in business development, most recently with Accord Financial.  Ryan will be located in Chicago and will cover the Midwest market further cultivating relationships with asset-based lenders, private equity sponsors, investment bankers, advisors, and other financial institutions.  He is an active member of the Midwest / Chicago chapters of the TMA, SFNet and ACG.

Seth Cooper, Senior Vice President / National Sales Manager, stated, “we are fortunate to have added significant experience and market visibility by bringing on Ryan.   I’m very pleased that he has accepted the responsibility to build on our reputation and further develop the MidWest market for us”.

“With Ryan’s level of experience and connections he’ll be instrumental in building our MidWest portfolio”, stated Steve Samson, MidCap Business Credit’s President.  “We are excited to welcome him to the MidCap team”.

“I’m excited to join a seasoned and well-respected firm,” said Ray.  “I look forward to building on their success with lower middle market companies needing creative and flexible financing structures”.

MidCap Business Credit is a nationwide commercial finance company providing asset-based loans with credit facilities ranging from $3 million to $25 million. 

For further information, please contact Seth Cooper at scooper@midcap.com, MidCap Business Credit LLC, 433 South Main Street, West Hartford, CT   06110, 860-808-6888