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


Wells Fargo Capital Finance Upsizes Midcap Revolver

July 30, 2018, 07:30 AM
Filed Under: Lender Finance

Midcap Business Credit LLC, a commercial finance company headquartered in West Hartford, CT, announced the upsizing of its revolving asset based lending facility to $100 million with Wells Fargo Capital Finance, a division of Wells Fargo & Company.

“We are extremely pleased with our ongoing relationship with the Wells Fargo Lender Finance team and the Connecticut Wells Fargo Commercial Banking team. The responsiveness to our needs from both teams has been second to none,” said Steve Samson, President of Midcap.  “With the line increase and our recently announced additions to our operations department, the Midcap team is well positioned for continued growth serving the financing needs of the lower middle market.”

“Wells Fargo is very pleased to work with a great management team and an industry leader such as Midcap, and strengthen our existing relationship with this important client,” said Ajay Jagsi, Senior Relationship Manager, Wells Fargo Capital Finance. “Our goal is to provide our customers with the financial flexibility and industry knowledge to support their long-term strategy and growth.”

Midcap Business Credit, LLC is a senior secured lender providing asset based loans and other credit products serving the lower middle market for financing needs ranging from $2 million to $15 million. Founded in 2004, Midcap is celebrating its fifteenth year as a trusted provider of financing solutions to the lower middle market throughout North America.

Week's News

Comments From Our Members

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