MidCap Business Credit closed a $10 million revolving credit facility for Fairway Lumber (Bay Forest International), which used the credit facility to refinance its existing senior debt and to support growth.
Headquartered in Stoughton, MA, Fairway Lumber is a wholesale trader of lumber, plywood, pellets and other wood-related products.
“We are excited to work with the team at Fairway Lumber,” Seth Cooper, senior vice president of MidCap Business Credit, said. “We quickly delivered a credit facility with a flexible structure that will allow the company to address their current financing needs as well as meet their future growth objectives.”
