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MidCap Business Credit LLC Completes a $6 Million Asset-Based Credit Facility
January 9, 2025
Source: MidCap Business Credit LLC
MidCap Business Credit LLC announced today that it has completed a $6 million asset-based credit facility to a manufacturer and distributor of air purifying respirators located in the Northeast. The ABL credit facility is supported by a working capital revolver and a machinery and equipment term loan.
The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT. Seth Cooper, SVP / National Sales Manager said, “we were able to structure a credit facility to repay the incumbent bank and provide the additional liquidity the company needs to achieve their strategic growth objectives”.
MidCap Business Credit provides asset-based credit facilities to lower and middle market businesses nationwide, who have borrowing requirements from $3MM to $25MM.
