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News Stories (38 Results) - MidCap Business Credit

MidCap Business Credit announced today they have closed on a $15,000,000 asset based credit facility for Foundation Food Group, Inc., headquartered in Gainesville, GA.   Through its state-of-the-industry processing facilities and production... Read Story
September 29, 2020, 09:05 AM


MidCap Business Credit announced that it has completed a $2.75 million asset based credit facility to New England Natural Bakers, Inc.  New England Natural Bakers is a manufacturer of granolas and trail mixes located in Greenfield, MA.  The... Read Story
January 02, 2020, 08:45 AM


MidCap Business Credit LLC has appointed Bill Nay as Senior Vice President to its business development team and Rebecca Smith as Senior Vice President to its risk team as an underwriter.Nay’s career spans 25 years in commercial banking focused on... Read Story
November 07, 2019, 08:50 AM


Blonder Tongue Laboratories, Inc., the oldest designer and manufacturer of cable television video transmission technology in the USA, announced that on October 25, 2019 it consummated a $5,000,000 financing transaction with MidCap Business Credit.... Read Story
October 31, 2019, 08:50 AM


MidCap Business Credit announced it has closed on an Asset Based Credit Facility for Global Tissue Group, Inc. Headquartered in Medford, NY, Global Tissue Group is a leading private label paper manufacturer for paper towels, napkins, bath and facial... Read Story
September 19, 2019, 08:40 AM


MidCap Business Credit announced it closed on a $5,000,000 Asset Based Credit Facility for Long Falls Paperboard, LLC. Headquartered in Brattleboro, VT, Long Falls is manufacturer of specialty fiber based paperboard. The credit facility is comprised... Read Story
August 27, 2019, 08:40 AM


MidCap Business Credit announced they have closed on a $5,500,000 Asset Based Credit Facility for Mitchell Rubber Products, LLC. Headquartered in Mira Loma, CA, Mitchell Rubber Products provides molded rubber components and other branded elastomeric... Read Story
August 12, 2019, 08:50 AM


MidCap Business Credit announced they have closed on an $8,500,000 Asset Based Credit Facility for ProFusion Industries, LLC, a portfolio company of Peak Rock Capital, a leading middle-market private equity fund.  Headquartered in Fairlawn, OH... Read Story
May 29, 2019, 08:55 AM


MidCap Business Credit LLC, as Administrative Agent, in conjunction with CNH Finance, announced that it has completed a $25 Million Asset Based Credit Facility to Alfred Nickles Bakery, Inc. Headquartered in Navarre, Ohio, and established in 1909... Read Story
April 09, 2019, 08:50 AM


MidCap Business Credit announced they have closed on a $14,000,000 Asset Based Credit Facility for EMD Acquisition, LLC. D/B/A Borman Specialty Materials, a portfolio company of Polymathes Capital in New Jersey. Borman is a producer of specialty... Read Story
January 30, 2019, 08:21 AM


MidCap Business Credit announced that it has completed an $8.5 million asset based credit facility to Elastic Fabrics of America, Inc.  Elastic Fabrics, headquartered in Greensboro, North Carolina, is manufacturer of textile goods selling into the... Read Story
September 20, 2018, 07:05 AM


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 &... Read Story
July 30, 2018, 07:30 AM


MidCap Business Credit has named Lisa Lepri as Vice President of Operations and Collateral.Lepri will be responsible for managing the Operations and Collateral department.  She has been in Asset Based Lending for 30 years and has worked for several... Read Story
July 11, 2018, 07:04 AM


MidCap Business Credit completed a $7 million revolving credit facility for Unipower, LLC.   The facility was used to refinance the company’s existing senior debt and to support the company’s growth plans and working capital needs. Headquartered in... Read Story
March 28, 2018, 07:00 AM


MidCap Business Credit announced that it has completed a $10 million Asset Based Credit Facility to New View Gift and Accessories Ltd.  Headquartered in Media PA, New View,  is a designer, importer and wholesaler of decorative home goods that are... Read Story
November 07, 2017, 07:07 AM


MidCap Business Credit announced that it has completed a $6 million Asset Based Credit Facility to Summit Casing Equipment, a portfolio company of Renovo Capital, a Dallas based private equity firm. Summit Casing Equipment, manufactures and... Read Story
April 28, 2017, 07:06 AM


MidCap Business Credit announced that it has completed a $3.25 million Asset Based Credit Facility to Egide USA, Inc.   Headquartered in Cambridge, MD, Egide specializes in manufacturing of hermetic packages for sensitive electronic components.The... Read Story
March 22, 2017, 07:37 AM


MidCap Business Credit announced that it has completed a $6.6 million asset based credit facility to Ronile, Inc. and Bacova Guild, Ltd., located in Virginia.   Ronile dyes and processes a variety of yarns primarily for the carpet, rug and craft... Read Story
January 24, 2017, 07:08 AM


MidCap Business Credit completed a $3.5 million asset-based line of credit to Unified Logistics Holdings, LLC.   Headquartered in Bethesda, MD, Unified provides specialty hauling and trucking services in the Eastern portion of the United States... Read Story
November 17, 2016, 07:13 AM


MidCap Business Credit announced it has completed a $5 million asset-based line of credit to RAE Energy, Inc., headquartered in Houston, TX. RAE Energy is an oilfield service provider that offers pipe welding, automatic ultrasound testing, and... Read Story
August 18, 2016, 07:33 AM


MidCap Business Credit announced it has completed a $3 million asset-based credit facility to Technology Container Corporation in Desoto, TS, a manufacturer of corrugated plastic boxes. The asset-based credit facility is comprised of a revolving line... Read Story
July 12, 2016, 07:28 AM


MidCap Business Credit announced it has promoted Rusty Bramlett to Senior Vice President of Business Development in Atlanta. “Rusty has been a big part of MidCap’s growth and success in the Southeast over the last three years. I’m very pleased that... Read Story
June 02, 2016, 07:38 AM


MidCap Business Credit announced it has completed a $4 million asset-based credit facility to a company that manufactures and services casting equipment to a New England based company. The opportunity was sourced and closed out of MidCap’s... Read Story
March 25, 2016, 08:03 AM


Industrial Services of America, Inc., a company that buys, processes and markets ferrous and non-ferrous metals and other recyclable commodities and buys, dismantles and sells used auto parts, announced the closing of a new two-year revolving line of... Read Story
March 03, 2016, 07:51 AM


MidCap Business Credit announced the hiring of Steve Lenihan as a Senior Vice President to its relationship management team. Lenihan has 30 years of experience in commercial banking, project finance and asset-based finance, most recently with GE... Read Story
February 23, 2016, 07:49 AM


MidCap Business Credit announced it has completed a $6.25 million asset-based credit facility to Faria Beede Instruments, Inc.  headquartered in Uncasville, CT.  The credit facility is comprised of a $5.85 million revolving line of credit and a $400... Read Story
October 21, 2015, 07:53 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.  ... Read Story
September 10, 2015, 07:42 AM


MidCap Business Credit has appointed Bruce Pavesich to Senior Vice President of its business development team.  Pavesich, has spent the last 30 years in asset-based finance and has been in business development roles most recently with Crestmark Bank... Read Story
July 13, 2015, 08:02 AM


MidCap Business Credit announced it has completed a $7 million asset-based line of credit to Warner Robins Supply Company, Inc.  Warner Robins Supply is a distributor and retailer of building materials headquartered in Warner Robins, GA. The... Read Story
June 29, 2015, 07:49 AM


MidCap Business Credit announced the hiring of Bradley Atkinson for the role of Vice President, Underwriting to support the continued growth of its loan portfolio.  He comes to MidCap with more than 15 years of experience in the industry with roles... Read Story
June 05, 2015, 07:52 AM


MidCap Business Credit announced that it has completed a $7 million asset-based line of credit to Vertex Energy, Inc., headquartered in Houston, Texas. Vertex Energy, Inc. recycles industrial waste streams and off-specification commercial chemical... Read Story
April 02, 2015, 07:22 AM


MidCap Business Credit announced today that it has completed a $7.5 million asset-based line of credit to Land-Air Express of New England, Ltd., headquartered in Williston, VT. Land-Air Express provides direct and next day delivery services to... Read Story
February 10, 2015, 07:41 AM


MidCap Business Credit completed a $4.75 million asset-based revolving line of credit to Southern Exchange, L.P., D/B/A, Texsport, a wholesaler of camping and outdoor recreational products  headquartered in Houston, TX.  The revolver is supported... Read Story
November 21, 2014, 07:21 AM


MidCap Business Credit has appointed Michael Perfetti as senior vice president to its business development team and Paul Neydavood as assistant vice president, to its risk team as an underwriter.   Perfetti, has spent the last 15 years in asset-based... Read Story
September 11, 2014, 07:16 AM


MidCap Business Credit announced it has completed a $4 million asset-based credit facility to Anthem Leather, Inc., an importer and distributor of furniture grade leather headquartered in High Point, NC.   The revolving line of credit is comprised of... Read Story
September 09, 2014, 07:22 AM


MidCap Business Credit has appointed Michael Perfetti to its business development team.  Perfetti, has spent the last 15 years in asset-based finance and has been in business development roles for Celtic Capital, Presidential Financial, and Summit... Read Story
August 04, 2014, 07:33 AM


MidCap Business Credit announced that it has completed a $2 million asset-based credit facility to J-PAC, LLC, headquartered in Somersworth, NH. The asset-based credit facility is comprised of a working capital revolver and a machinery and equipment... Read Story
July 01, 2014, 07:11 AM


MidCap Business Credit announced it has completed a $7.5 million asset-based credit facility for KDH Defense Systems, a leading global manufacturer of body armor headquartered in Eden, NC. The credit facility consists of a revolving line of credit... Read Story
March 24, 2014, 07:49 AM