Daily News: September 4, 2013

MidCap Closes Northeast Supply Provider ABL

MidCap Business Credit announced that it completed a $4 million asset-based credit facility to a supply, procurement and logistics provider located in the Northeast. In addition to refinancing the previous lender, the proceeds will be used to support working capital requirements.

MidCap Business Credit was chosen to provide the financing because of its flexibility to support the company through its anticipated growth as well as its speed to close the credit facility.