MidCap Business Credit closed on a $6.5 million asset-based credit facility to a New England-based distributor of licensed pharmaceutical products. The new relationship was sourced and closed out MidCap’s headquarters in West Hartford, CT.
“We were able to provide a flexible asset-based revolver which will support the company’s working capital requirements,” Seth Cooper, 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.”
