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MidCap Business Credit LLC Provides $10 Million Asset-Based Line of Credit to Winter Clothing Distributor
February 12, 2025
Source: MidCap Business Credit LLC
MidCap Business Credit LLC announced today that it has completed a $10 million asset-based line of credit to a distributor of winter clothing. 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 revolver to generate the additional liquidity the company needed in order to pay out their incumbent lender and support their working capital needs going forward”. MidCap Business Credit provides asset based credit facilities to lower and middle market businesses nationwide, who have borrowing requirements from $3MM to $25MM.
Seth Cooper, SVP / National Sales Manager said, “we were able to structure a revolver to generate the additional liquidity the company needed in order to pay out their incumbent lender and support their working capital needs going forward”. MidCap Business Credit provides asset based credit facilities to lower and middle market businesses nationwide, who have borrowing requirements from $3MM to $25MM.
