MidCap Business Credit completed a $6 million asset-based credit facility for a manufacturer and distributor of power transfer equipment located in the Northeast. The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT.
“We were able to structure a flexible ABL revolver to provide the company with the working capital financing it will need to execute on its strategic growth plan,” Seth Cooper, senior vice president at MidCap, said.
