Huntington Business Credit Closes Credit Facilities with Advance Electrical Supply Company LLC

Huntington Business Credit announced it closed new $21,815,000 credit facilities with Advance Electrical Supply Company LLC on April 13, 2020.  Proceeds of the facilities were used to refinance existing debt, finance the acquisition of real estate, and provide ongoing working capital growth 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.

Advance Electrical Supply Company LLC, located in Chicago, Illinois, is a distributor of electrical parts.