MidCap Business Credit completed a $2.5 million asset-based credit facility to Pennsylvania-based UG Plast, a manufacturer of multi-wall polycarbonate, solid polycarbonate and corrugated polypropylene sheets.
The opportunity was sourced out of MidCap’s regional office in Baltimore.
“We were able to structure a flexible asset-based line of credit to expand the company’s existing vendor relationships and provide additional liquidity. We look forward to working with the company and helping them achieve their goals and grow the business,” Bruce Pavesich, senior vice president of MidCap Business Credit, said.
MidCap Business Credit provides asset-based credit facilities to small and middle market businesses.
