MidCap Business Credit announced it has completed a $3.5 million revolving line of credit to a technical staffing company.  The credit facility is supported by advances on accounts receivable. In addition to refinancing the previous lender, the proceeds will be used to support working capital requirements.  

MidCap Business Credit was chosen to provide the financing because of its flexibility to support the company through its anticipated growth as well as its speed to close the credit facility. The opportunity was sourced out of MidCap’s office in Atlanta.  

MidCap Business Credit provides asset-based credit facilities to small- and middle-market businesses nationwide, who have borrowing requirements from $1 million to $10 million.