FirstMerit Bank Business Credit announced it closed a new $8.5 million revolving credit loan and capital expenditure lease loan facility to MAX Environmental Technologies, Inc. in December 2014. Proceeds of the facility were used to refinance existing debt, provide working capital and growth financing.
FirstMerit Bank Business Credit provides working capital and term loan facilities to middle –market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.
MAX Environmental Technologies, Inc., headquartered in Pittsburgh, PA, is a specialty waste management disposal services and environmental field services provider to the energy services industry.