MidCap Business Credit announced it has completed a $1.8 million asset-based credit line of credit to Combat Medical Systems, LLC in Harrisburg, North Carolina. Combat Medical Systems is a developer and distributor of tactical medical equipment and devices. The asset-based revolver is supported by advances on accounts receivable and inventory.  

The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT.   In addition to refinancing the previous lender, the proceeds will be used to support working capital requirements.  

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.