Huntington Business Credit closed a $15 million credit facility with Bayloff Stamped Products Detroit. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.
Bayloff Stamped Products Detroit, located in Van Buren Township, MI, specializes in metal stamped components and welded assemblies for noise, vibration & harshness, body-in-white, powertrain and muffler systems, primarily for the automotive industry.
Huntington Business Credit provides working capital and term loan facilities to middle-market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up and turnaround situations.
