MidCap Business Credit closed a $5,000,000 asset based revolving line of credit for a designer and extruder of foam products and components used in a variety of industries.
The opportunity was sourced out of MidCap’s office located in Atlanta, GA. Rusty Bramlett, Senior Vice President of MidCap Business Credit said, “We were able to provide the company with a deal structure which will allow them the flexibility 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.