CIBC Bank USA Asset Based Lending provided a new $25 million senior revolving credit facility to MCI Ventures and subsidiaries (d/b/a Mr. Crane). The financing will refinance existing debt, repay equipment notes and support the purchase of rental equipment to fuel the company’s continued growth.
“We are excited to partner with Mr. Crane and Inquipco to help them access the capital they need to strengthen their business and support their long-term success,” Ramsey Naber, regional originations manager at CIBC Bank USA Asset Based Lending, said. “Every client has unique financing needs, and our role is to provide tailored solutions that help businesses invest with confidence and pursue their growth ambitions.”
