Midcap Business Credit completed a $3.8 million asset-based credit facility to Axion Structural Innovations.

Headquartered in Zanesville, OH, Axion manufactures composite railroad ties and building products made from recycled materials.

Bruce Pavesich, SVP of MidCap Business Credit, 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.”

The financing was sourced at Midcap’s Baltimore office.