MidCap Business Credit completed a $6 million asset-based credit facility for a manufacturer and distributor of power transfer equipment located in the Northeast. The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT.
Seth Cooper, Senior Vice President at MidCap stated, “We were able to structure a flexible ABL revolver to provide the company with the working capital financing it will need to execute on its strategic growth plan.”