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Huntington Business Credit Closes a $12 Million New Credit Facility with Local Crafts Group, LLC
May 27, 2025
Source: Huntington Business Credit
Huntington Business Credit closed a $12,000,000 new credit facility with Local Crafts Group, LLC on April 4, 2025. Local Crafts Group, LLC is a portfolio company of Cleveland, Ohio headquartered private equity firm, Blue Point Capital Partners. Proceeds of the facility were used to finance an add-on acquisition and provide ongoing working capital financing.
Local Crafts Group, LLC, headquartered in Murray, Utah, is an online distributor and wholesaler in the crafts industry specializing in yarn and quilting.
Huntington Business Credit provides working capital and term loan facilities to large corporate and middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.
