MidCap Business Credit closed on a $12 million asset-based credit facility for EQ Holdings, located in Golden Valley, MN. The new relationship was sourced out of MidCap’s office in Dallas.
“We were able to provide a flexible asset-based revolver which will support the company’s working capital requirements,” Bill Nay, senior vice president at MidCap, said. “We look forward to continuing our strong relationship with management and helping them execute on their strategic plan to achieve their financial objectives to benefit their employee owners.”
