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FirstMerit Bank Business Credit Closes $35MM Facility for Ervin Equipment

December 17, 2012, 08:07 AM

FirstMerit Bank Business Credit announced it closed a new $35 million revolving credit loan facility to Ervin Equipment, Inc., on November 21, 2012. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital.

Ervin Equipment, Inc. headquartered in Toledo, IL, is a provider of new and used equipment for the transportation industry in the U.S. and Mexico.

FirstMerit Bank Business Credit provides working capital and term loan facilities to middle –market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.

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