FirstMerit Bank Business Credit closed a new $8.5 million revolving credit loan facility to Roosevelt Capital LLC. Proceeds of the facility were used to refinance existing debt and provide working capital.
Roosevelt Capital LLC d/b/a Promotions Unlimited, headquartered in Mount Pleasant, WI, is a distributor of consumer products to the healthcare industry, buying groups and independent drug, variety, hardware, automotive, grocery and craft stores.
FirstMerit Bank 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.