MidCap Business Credit Completes ABL to Summit Casing Equipment

MidCap Business Credit has completed a $6 million asset-based credit facility to Summit Casing Equipment, a portfolio company of Renovo Capital.

Monroe Capital Supports Renovo Capital’s Recap of All Holding

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a $21.5 million senior term loan to support the recapitalization and future acquisitions of All Holding Company by Renovo Capital.

Merchant Cash Advance Solution… How Tully’s Coffee Found Liquidity without a Traditional DIP Loan

When Tully’s Coffee found itself in a serious liquidity crisis and facing Chapter 11 bankruptcy, Deloitte CRG stepped in to secure a merchant cash advance. The authors provide insights into why this financing solution can be a perfect fit for any restaurant or retailer that lacks hard assets but has high credit card volume.