MidCap Business Credit announced that it has completed a $3.8 million Asset Based Credit Facility to Axion Structural Innovations LLC.  Headquartered in Zanesville, Ohio, the Company manufactures composite Railroad ties and Building Products made from recycled materials and shipped to their customers around the world.

The opportunity was sourced out of MidCap’s regional office in Baltimore, MD.  

Bruce Pavesich, Senior Vice President of MidCap Business Credit, LLC, said, "We were able to provide a flexible Asset Based Line of Credit to fund  the business  and provide additional needed liquidity.  We look forward to working with the company and helping them expand their product offerings and grow the business in the future.”
.