Midcap Business Credit closed a $14 million asset based revolving line of credit for Allied Dairy Products and subsidiaries, headquartered in Chatham, NJ.
Allied Dairy Products provides a variety of services in the dairy industry with its main subsidiary importing and distributing high quality cheeses and other dairy ingredients.
“We were able to provide the company with a deal structure which will allow them the flexibility they need to execute on their strategic plan and grow the business. We look forward to working with the team at Allied Dairy,” said Seth Cooper, senior vice president of MidCap Business Credit.
The opportunity originated in MidCap’s headquarters in West Hartford, CT.
