MidCap Business Credit announced that it has completed a $7.5 million Asset Based Credit Facility to IncrediTek, Inc. Headquartered in Belcamp, MD, IncrediTek, Inc.  is a  premier Added Value Reseller and Service and Support Company that gives its customer’s carrier-class networks a reliable partner.

The opportunity was sourced out of MidCap’s regional office in Baltimore, MD. 

Bruce Pavesich, Senior Vice President of MidCap Business Credit, LLC, said, "We were able to quickly and efficiently provide a flexible Asset Based Line of Credit to expand the company’s existing vendor relationships and  fund additional needed liquidity.  We look forward to working with the company and helping them achieve their goals and grow the business.”

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