MidCap Business Credit, with the assistance of KCP Advisory Group, has completed a $6 million asset-based line of credit to SpineFrontier.

In addition to refinancing the previous lender, the proceeds will be used to support working capital requirements.

“We are pleased to have MidCap Business Credit as our lending partner as we continue to expand our business operations. The team at MidCap moved quickly and structured a facility that will allow us to capitalize the company’s position for significant growth,” said Aditya Humad, president and CFO of Boston-based SpineFrontier.

SpineFrontier is a medical technology company that designs, develops and markets both implants and instruments for spine surgery based on the Less Exposure Surgery Philosophy.

Hartford, CT-based MidCap Business Credit provides asset based credit facilities to small and middle market businesses nationwide.

KCP Advisory Group is a business advisory firm that specializes in providing solutions and aiding clients in rehabilitating their businesses.