Huntington Business Credit closed a new $20,000,000 credit facility with an Information Technology Value Added Reseller on April 28, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.
Huntington 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.