MidCap Business Credit closed on a $3.5 million asset-based revolving line of credit for Momenta, an importer and distributor of arts and crafts related consumer products headquartered in Portsmouth, NH.

The opportunity was sourced out of Midcap Business Credit’s headquarters in West Hartford, CT.

“We were able to structure a credit facility which provided the company with the additional liquidity they need to execute on their strategic plan and support their growth,” Seth Cooper, senior vice president of MidCap Business Credit, said.