MidCap Business Credit announced today they have closed on a $3,500,000 asset-based revolving line of credit for Momenta, Inc., headquartered in Portsmouth, NH. Momenta is an importer and distributor of arts and crafts related consumer products.  

The opportunity was sourced out of Midcap’s headquarters located in West Hartford, CT. Seth Cooper, Senior Vice President of MidCap Business Credit said, “We were able to structure a credit facility which provided the company with the additional liquidity they need to execute on their strategic plan and support their growth”.  

MidCap Business Credit provides asset-based credit facilities to lower and middle market businesses nationwide, who have borrowing requirements from $2MM to $20MM.