Huntington Business Credit provided a new $7.5 million revolving credit facility to American Eagle Superstore and a $6 million revolver and term loan to Swiss-Tech.
Proceeds of the American Eagle facility were used to refinance existing debt and provide working capital and growth financing.
Lansing, MI-based American Eagle, operates as a wholesaler and retailer of consumer fireworks and novelties.
Proceeds of the Swiss-Tech facility were also used to refinance existing debt and provide working capital and growth financing.
Delavan, WI-based Swiss-Tech is a manufacturer of precision machined parts for the aerospace, medical, fluid power and industrial markets.
