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MidFirst Business Credit Provides $15MM Working Capital Facility to Coast Medical Service

January 25, 2022, 08:02 AM
Filed Under: Staffing Services

MidFirst Business Credit (MFBC) provided a $15 million working capital facility to Coast Medical Service, Inc. Headquartered in Los Angeles, Coast Medical is a healthcare staffing company that recruits and hires nurses for placement in both short-term and longer-term assignments at hospitals and other medical centers. The funds were used to refinance their existing loan and provide additional working capital to help facilitate further business expansion. The transaction was completed on January 19, 2022.

Headquartered in Atlanta with offices in Nashville, Detroit, Chicago, Dallas, Phoenix and Los Angeles, MidFirst Business Credit provides customized, flexible financing solutions to growing businesses nationwide. Offering lines of credit of up to $30 million, MidFirst Business Credit provides working capital and term loan facilities for acquisitions, recapitalizations, working capital needs and turnaround situations.

MidFirst Business Credit is owned by MidFirst Bank, the nation’s largest privately held bank with more than $31 billion in assets. This unique structure gives MFBC the flexibility of a finance company with the stable financial backing of a bank.

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