Huntington Business Credit Announces New Credit Facility

August 14, 2019

Source: Huntington Business Credit

Huntington Business Credit announced it closed a new credit facility with First SOURCE Electrical, LLC on June 13, 2019.  Proceeds of the facilities were used to refinance existing debt and provide ongoing working capital financing.              

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.

First SOURCE Electrical, LLC, located in Houston, Texas, is a distributor of electrical products servicing the commercial, residential, multi-family, industrial, institutional and MRO markets.