FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


MidCap Business Credit Closes $10MM Credit Facility for Homegoods Wholesaler

November 07, 2017, 07:07 AM
Filed Under: Wholesale

MidCap Business Credit announced that it has completed a $10 million Asset Based Credit Facility to New View Gift and Accessories Ltd.  Headquartered in Media PA, New View,  is a designer, importer and wholesaler of decorative home goods that are marketed to department stores and discount store chains.

The opportunity was sourced out of MidCap’s regional office in Baltimore, MD.   Bruce Pavesich, Senior Vice President of MidCap Business Credit, LLC, said, "We were able to  provide a flexible Asset Based Line of Credit and increase the size of company’s prior  bank credit facility.  The increased funding will augment the Company’s existing vendor relationships and fund additional needed liquidity.  We look forward to working with the company and helping them achieve their goals and grow the business.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.