MidCap Business Credit has completed a $4 million asset based credit facility to a New England-based company that manufactures and services casting equipment.
Industrial Services of America closed a new two-year revolving line of credit of up to $6 million with MidCap Business Credit.
MidCap Business Credit hired Steve Lenihan as senior vice president of its relationship management team. Lenihan was most recently with GE Capital.
MidCap Business Credit, with the assistance of KCP Advisory Group, has completed a $6 million asset based line of credit to SpineFrontier.
MidCap Business Credit announced it completed a $6.25 million asset based credit facility to Faria Beede Instruments.
MidCap Business Credit completed a $2 million asset-based line of credit to Bakery Barn and Pervine Foods.
MidCap Business Credit completed a $3.5 million revolving line of credit to a technical staffing company. The credit facility is supported by advances on accounts receivable.
MidCap Business Credit has appointed Bruce Pavesich to senior vice president of its business development team. Pavesich, most recently with Crestmark Bank, has spent the last 30 years in asset based finance.
MidCap Business Credit completed a $7 million asset based line of credit to Warner Robins Supply Company.
MidCap Business Credit hired Bradley Atkinson for the role of VP, underwriting to support the continued growth of its loan portfolio.