MidCap Business Credit closed on an $8 million asset-based credit facility for a manufacturer of precision components and assemblies in the aerospace and defense industry.
The opportunity was sourced out of MidCap’s office in West Hartford, CT.
“We were able to provide the company with the additional liquidity they required, which will allow them to execute on their strategic plan and support their growth,” Seth Cooper, senior vice president of MidCap Business Credit, said.
MidCap Business Credit is a provider of asset-based credit facilities for lower and middle market businesses with borrowing requirements from $2 million to $20 million.
