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Home Deal Announcements

MidCap Business Credit Closes $5MM Asset-Based Facility for Power Supply Manufacturer

MidCap’s team structured a flexible revolver and equipment term loan to boost the manufacturer’s liquidity and support their growth plans.

byRita Garwood
April 28, 2025
in Deal Announcements, News

WEST HARTFORD, CT – MidCap Business Credit completed a $5 million asset based credit facility to a manufacturer and distributor of battery based uninterruptible power supplies which are used for providing high quality power in harsh environments.

The opportunity was sourced and closed out of MidCap’s regional office in West Hartford, CT. Seth Cooper, Senior Vice President and National Sales Manager, of MidCap Business Credit, LLC, said, “We were able to provide a flexible Asset Based Credit Facility comprised of a revolver and equipment term loan. Our credit facility provided the additional liquidity on the term assets the company needed to be able execute on their growth plan.”

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