MidCap Business Credit announced it has completed an increase to Bakery Barn, Inc., and Pervine Foods', asset-based line of credit.
MidCap’s President, Steve Samson stated, “We are always happy to support our customers strong growth opportunities when they present themselves”. Bakery Barn is a private label manufacturer of baked protein bars, breakfast squares, cookies, and brownies. Pervine Foods, LLC markets its own lines of protein bars under the Forti FX brand, which is manufactured by Bakery Barn.
The opportunity was sourced out of MidCap’s office in Pittsburgh, PA which supports the MidWest and Great Lakes Regions.
MidCap Business Credit provides asset-based credit facilities to small and middle market businesses nationwide, who have borrowing requirements from $1 million to $10 million.