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MidCap Business Credit Closes $12MM Asset-Based Credit Facility for EQ Holdings

June 28, 2023, 07:40 AM
Filed Under: Specialty Industries

MidCap Business Credit closed on an $12,000,000 asset-based credit facility to EQ Holdings, located in Golden Valley Minnesota. The new relationship and was sourced out of MidCap’s office in Dallas, TX.   

Bill Nay, Senior Vice President said, “We were able to provide a flexible asset-based revolver which will support the company’s working capital requirements. We look forward to continuing our strong relationship with management and helping them execute on their strategic plan to achieve their financial objectives to benefit their employee owners.”

MidCap Business Credit provides asset-based credit facilities to lower and middle market businesses nationwide, who have borrowing requirements from $3MM to $20MM.

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