MidCap Business Credit closed a $5 million asset-based credit facility for Long Falls Paperboard.
Headquartered in Brattleboro, VT, Long Falls manufactures specialty fiber based paperboard. The credit facility is comprised of a working capital revolver and a machinery and equipment term loan.
The opportunity originated in MidCap’s headquarters in West Hartford, CT.
“We were able to provide Long Falls with a flexible deal structure and an increased credit facility size from their previous lender. The increased availability will provide the company with the additional liquidity they need to achieve their financial objectives,” said Seth Cooper, Senior Vice President of MidCap Business Credit.
