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MidFirst Business Credit Provides Credit Facility to Control Solutions

October 02, 2023, 07:29 AM
Filed Under: Electronics

MidFirst Business Credit (MFBC) recently provided a working capital facility to Control Solutions LLC (Control). Headquartered in Aurora, Illinois, Control manufactures a complete line of electronic commercial drive controllers and battery charging systems. These systems are used in shopping cart retrieval systems, mobility scooters, motorized gun turret control systems and power door systems for the military, and electronic lift systems for medical beds and gurneys for ambulances. The funds were used to refinance existing loans and provide additional working capital to help facilitate further business expansion.

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.

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