MidCap Business Credit LLC Completes $6 Million Asset-Based Credit Facility

MidCap Business Credit LLC, announced today that it has completed a $6 million asset-based credit facility to a manufacturer and distributor of power transfer equipment located in the Northeast.  The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT.  Seth Cooper, Senior Vice President at MidCap stated, “We were able to structure a flexible ABL revolver to provide the company with the working capital financing it will need to execute on its strategic growth plan”.

MidCap Business Credit provides asset based credit facilities to lower and middle market businesses nationwide, who have borrowing requirements from $3MM to $20MM.