MidCap Business Credit LLC Completes a $14 Million Asset-Based Credit Facility to Wozniak Industries

MidCap Business Credit LLC announced today that it has completed a $14,000,000 Million asset-based credit facility to Wozniak Industries. The business was established in 1985  and is headquartered in Schaumburg, Illinois. Wozniak  manufactures engineered metal products for a variety of industries including agriculture, energy, heavy equipment, aerospace, and defense.

Matt Kelly,  CFO for the Company, commented “When I first spoke with MidCap, it was immediately clear they were interested in being part of Wozniak Industries’ success. The team took the time to understand our story and asked thoughtful questions about our current position and future needs. Senior leadership was involved early in the process, reinforcing their commitment to supporting us. They structured a loan that maximized our liquidity and moved quickly and efficiently to close. Throughout the process, the entire team was highly communicative and transparent. I couldn’t be more pleased with our new relationship and financial partner.”

The opportunity was sourced out of MidCap’s regional office in Baltimore,  MD.   Bruce Pavesich, Senior Vice President of MidCap  said, "We were able to  provide a flexible Asset Based Line of Credit in a short timeframe. Our new loan will be utilized to support the company’s  restructured business model and free up suppressed availability limited under the prior lender’s facility. We look forward to working with the company and helping them execute on their strategic plan and grow the business.”

MidCap Business Credit provides Asset Based credit facilities to middle market businesses nationwide, who have borrowing requirements from $3 Million to $30 Million .