MidCap Business Credit Completes $7.5MM Asset-Based Line of Credit for Food Importer and Distributor

MidCap Business Credit completed a $7.5 million asset-based line of credit to a food importer and distributor located in the Northeast. The revolver is supported by advances against accounts receivable and inventory.

October 16, 2024 Asset-Based Line of Credit | MidCap | MidCap Business Credit | Revolver | Seth Cooper Brianna Wilson

MidCap Business Credit Appoints Ray as SVP, Business Development Team

MidCap Business Credit appointed Ryan Ray as senior vice president of its business development team. Ray will be located in Chicago and will cover the Midwest market, further cultivating relationships.

October 8, 2024 Business Development | MidCap | MidCap Business Credit | Ryan Ray | senior vice president | Seth Cooper | Steve Samson Brianna Wilson

MidCap Adds Specialty Finance Veteran to its Lender Finance Originations Team

MidCap Financial added Dan Avnir to its lender finance team as managing director. In his new role, he will be responsible for sourcing and executing transactions for MidCap Financial’s lender finance vertical.

October 7, 2024 Dan Avnir | JD Gettmann | lender finance | MidCap | MidCap Financial Brianna Wilson

MidCap Business Credit Completes $6MM Asset-Based Credit Facility

MidCap Business Credit completed a $6 million asset-based credit facility for a manufacturer and distributor of power transfer equipment located in the Northeast. The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT.

September 4, 2024 Asset-Based Credit Facility | credit facility | MidCap | MidCap Business Credit | Seth Cooper Brianna Wilson

MidCap Provides $15MM Asset-Based Credit Facility to Foundation Food Group

MidCap Business Credit closed on a $15 million asset-based credit facility for Foundation Food Group.

September 29, 2020 at B. Riley Advisory Services | Foundation Food Group | Kathy Ford | MidCap | Rusty Bramlett Phil Neuffer

Midcap, SVB Provide Refi, New Credit Facility to EndoChoice

EndoChoice Holdings said it completed the refinancing of its outstanding debt and closed on a new $58 million senior secured credit facility with Midcap Financial and Silicon Valley Bank.

July 1, 2015 EndoChoice | MidCap | Silicon Valley Bank Rita Garwood

MidCap Business Credit Appoints Three Executive Officers

MidCap Business Credit promoted three internal officers to executive positions. Steven Samson, Peter Rutigliano and Seth Cooper were appointed president, executive vice president/Risk, and senior vice president/sales manager, respectively.

July 8, 2013 executive vice president | MidCap | MidCap Holdings ABF Journal