Bank of America Business Capital announced it has led a $22.1 MM asset-based revolving credit facility to support the acquisition of Hansen Corporation by ElectroCraft. The acquisition of Hansen Corporation, combined with the substantial ElectroCraft product lines and motion solutions portfolio, presents comprehensive fractional and sub-fractional solutions to the motion control markets

ElectroCraft, Inc. is a global provider of fractional-horsepower motor and motion control solutions for both industrial and commercial applications. The company specializes in dependable, application-engineered specialty products by utilizing its Lean business philosophy to consistently meet the needs of its customers worldwide. The company’s products are found in pumps, office equipment, medical devices, aircraft and thousands of other applications. ElectroCraft is headquartered in Dover, New Hampshire with operations in the United States, Europe, and Asia.

Bank of America Business Capital is one of the world’s largest asset-based lenders, with more than ten primary offices serving the United States, Canada and Europe. It provides corporate borrowers with senior secured loans of $10 million or more, cash management, interest rate and foreign exchange risk management, and a broad array of capital markets products.