MidCap Business Credit Closes on a Credit Facility for Long Falls Paperboard, LLC

MidCap Business Credit announced today they have closed on a $5,000,000 Asset Based Credit Facility for Long Falls Paperboard, LLC.  Headquartered in Brattleboro, VT, Long Falls is manufacturer of specialty fiber based paperboard.  The credit facility is comprised of a working capital revolver and a machinery and equipment term loan.  

The opportunity was sourced out of MidCap’s headquarters in West Hartford, CT.   Seth Cooper, Senior Vice President of MidCap Business Credit said, “We were able to provide Long Falls with a flexible deal structure and an increased credit facility size from their previous lender.  The increased availability will provide the company with the additional liquidity they need to achieve their financial objectives.   We look forward to working with the team at Long Falls and helping them execute on their strategic plan and grow the business.”

MidCap Business Credit provides asset-based credit facilities to lower and middle market businesses nationwide, who have borrowing requirements from $2MM to $15MM.