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MidCap Business Credit Completes $3.5MM ABL to Unified Logistics Holdings

November 17, 2016, 07:13 AM
Filed Under: Trucking

MidCap Business Credit completed a $3.5 million asset-based line of credit to Unified Logistics Holdings, LLC.   Headquartered in Bethesda, MD, Unified provides specialty hauling and trucking services in the Eastern portion of the United States through its multiple operating entities. The credit facility is comprised of advances against accounts receivable.  The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT.

In addition to refinancing the previous lender, the proceeds will be used to support working capital requirements. MidCap Business Credit was chosen to provide the financing because of its flexibility to support the company through its anticipated growth as well as its speed to close the credit facility.

MidCap Business Credit provides asset-based credit facilities to small and middle market businesses nationwide, who have borrowing requirements from $1 million to $10 million.

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