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MidCap Business Credit Provides $2MM ABL to Bakery Barn

September 10, 2015, 07:42 AM

MidCap Business Credit announced it has completed a $2 million asset-based line of credit to Bakery Barn, Inc., and Pervine Foods, LLC.   Bakery Barn is a private label manufacturer of baked protein bars, breakfast squares, cookies, and brownies.   Pervine Foods, LLC markets its own lines of protein bars under the Forti FX brand, which is manufactured by Bakery Barn.

The opportunity was sourced out of MidCap’s office in Pittsburgh, PA which supports the MidWest and Great Lakes Regions.

In addition to refinancing the previous lender, the proceeds will be used to support working capital requirements.   MidCap Business Credit  was chosen to provide the financing because of its flexibility to support the company through its anticipated growth as well as its speed to close the credit facility.

MidCap Business Credit provides asset-based credit facilities to small- and middle-market businesses nationwide, who have borrowing requirements from $1 million to $10 million. 

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