MidCap Business Credit completed a $3.5 million asset-based line of credit to Unified Logistics.

The credit facility is comprised of advances against accounts receivable.

In addition to refinancing the previous lender, the proceeds will be used to support working capital requirements. Hartford, CT-based 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.

Bethesda, MD-based Unified provides specialty hauling and trucking services in the Eastern portion of the U.S. through its multiple operating entities.