MidCap Business Credit closed a $10 million revolving credit facility for Fairway Lumber Company, Inc., D/B/A Bay Forest International.

The credit facility was used to refinance the company’s existing senior debt and to support their growth plans.  Headquartered in Stoughton, MA, Fairway Lumber is a wholesale trader of lumber, plywood, pellets, and other wood related products.

Seth Cooper, Senior Vice President of MidCap Business Credit said, “We are excited to work with the team at Fairway Lumber. We quickly delivered a credit facility with a flexible structure that will allow the company to address their current financing needs as well as meet their future growth objectives”.

MidCap Business Credit provides asset based credit facilities to small and middle market businesses nationwide, who have borrowing requirements from $3MM to $20MM.