MidCap Business Credit completed a $3.7 million asset-based line of credit to United Hardware in support of the management-led purchase of DataQ Internet Equipment’s assets.

Headquartered in King of Prussia, PA, United Hardware, d/b/a DataQ Direct, is a reseller of OEM equipment, primarily networking and VOIP equipment. The credit facility is comprised of advances against accounts receivable and inventory. The opportunity was sourced out of MidCap’s Mid-Atlantic office in Baltimore.

Daniel Leon, president of United Hardware stated, “MidCap’s professionalism through the acquisition process was overwhelming. The entire time their staff came up with creative and flexible options to get our deal done. I would recommend their services to others and look forward to working with them for many years to come.”