Midcap Business Credit completed a $10 million ABL Facility to Media, PA-based New View Gifts and Accessories, a designer, importer and wholesaler of decorative home goods marketed to department stores and discount store chains.

MidCap SVP Bruce Pavesich said, “We were able to provide a flexible asset-based line of credit and increase the size of the company’s prior bank credit facility. The increased funding will augment the company’s existing vendor relationships and fund additional needed liquidity. We look forward to working with the company and helping them achieve their goals and grow the business.”