Daily News: February 6, 2018

MidCap Provides $9MM ABL to B&G Manufacturing

MidCap Business Credit completed a $9 million ABL facility for Hatfield, PA-based B&G Manufacturing.

B&G is a 60-year-old, family-owned manufacturer and distributor of precision custom threaded rods, bolts and fasteners.

Bruce Pavesich, Midcap’s SVA, 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. We look forward to working with the company and helping them achieve their goals and grow the business.”