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News Stories (66 Results) - MidCap Business Credit

MidCap Business Credit has appointed Ryan Ray as Senior Vice President of its business development team.  Ray has spent the last 15 years in asset-based finance in business development, most recently with Accord Financial.  Ryan will be located in... Read Story
October 08, 2024, 08:10 AM


MidCap Business Credit completed a $6 million asset-based credit facility for a manufacturer and distributor of power transfer equipment located in the Northeast. The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford... Read Story
September 04, 2024, 07:40 AM


MidCap Business Credit closed on a $5,000,000 asset-based credit facility for Premier Engineered Products, a portfolio company of Colfax Creek.  Through its operating subsidiary, Appalachian Cast Products, the company produces superior die cast parts... Read Story
August 12, 2024, 05:24 PM


MidCap Business Credit completed a $5 million asset-based credit facility for a manufacturer and distributor of cryogenic storage and transportation equipment located in the Southeast.  The opportunity was sourced and closed out of MidCap’s regional... Read Story
May 21, 2024, 07:45 AM


MidCap Business Credit completed a $15 million asset-based credit facility with Plastic Suppliers, Inc. The business was  established in 1949  and is headquartered in Columbus, Ohio. The company manufactures thin-gauge bio based and petrochemical... Read Story
April 05, 2024, 07:53 AM


MidCap Business Credit completed an $8 million asset-based credit facility with a distributor of ready to assemble wooden furniture frames.   The opportunity was sourced and closed out of MidCap’s regional office in West Hartford, CT.  Seth Cooper... Read Story
February 28, 2024, 07:47 AM


MidCap Business Credit completed a $12 Million Asset-based credit facility for an underground utility contractor located in New England.The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT. Seth Cooper, Senior Vice... Read Story
January 03, 2024, 07:55 AM


MidCap Business Credit completed a $23,700,000 million asset based credit facility to a manufacturing company in Cleveland, Ohio. The facility was comprised of an $18 million revolving line of credit and a $5.7 million real estate term loan. The... Read Story
November 14, 2023, 07:53 AM


MidCap Business Credit completed a $11.2 million asset-based credit facility with a producer of luxury bottled and canned water products, headquartered in New York, NY.  The opportunity was sourced and closed out of MidCap’s regional office in West... Read Story
October 26, 2023, 07:45 AM


MidCap Business Credit completed an $8 million asset-based credit facility to a manufacturing company located in Pittsburgh, PA.  The company was established in 1954 and makes machinery and equipment for various industrial applications, for its... Read Story
September 28, 2023, 07:45 AM


MidCap Business Credit closed on a $16,000,000 asset-based credit facility for E.R. Wagner Manufacturing Company, with locations in Menomonee Falls, WI., and Chicago, IL. E.R Wagner is a 120+ year old family held business which manufactures metal... Read Story
August 24, 2023, 07:40 AM


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... Read Story
June 28, 2023, 07:40 AM


MidCap Business Credit closed on an $6,500,000 asset-based credit facility to a New England based distributor of licensed pharmaceutical products. The new relationship and was sourced and closed out MidCap’s headquarters in West Hartford, CT.   Seth... Read Story
May 10, 2023, 07:46 AM


MidCap Business Credit closed on an $12,000,000 senior secured credit facility for a manufacturer and assembler of mattresses and foundations. The asset- based credit facility is comprised of a working capital line of credit with advances against... Read Story
February 22, 2023, 07:16 AM


MidCap Business Credit closed on an $5,000,000 asset based credit facility to a manufacturer and supplier of coated and bonded abrasive products throughout North America, Canada, and Mexico. The credit facility is supported by advances against... Read Story
February 01, 2023, 07:16 AM


MidCap Business Credit completed a $17 million asset-based credit facility to Virginia Explosives & Drilling Company. The business was established in 1998 and is headquartered in Vansant, VA.  Virginia Drilling Company, LLC was formed when the owners... Read Story
July 11, 2022, 07:34 AM


MidCap Business Credit completed a $5 Million asset-based credit facility for Crozier Welding LLC. Founded in 1980 and headquartered in Coshocton, OH, the company specializes in the design and manufacturing of oil and gas production equipment.The... Read Story
June 08, 2022, 07:41 AM


MidCap Business Credit completed a $12 million asset-based credit facility to Responsible Energy Operations (REO). The Company, headquartered in Petersburg, IN, is a thermal coal mining and processing business.The opportunity was sourced out of... Read Story
May 24, 2022, 08:00 AM


MidCap Business Credit completed a $15 million asset-based credit facility to Walker Midwest, LLC and Walker West, LLC formed to acquire the assets of Millenia Products Group Inc., and WAC LLC, pursuant to an Article 9 UCC sale. The Company... Read Story
May 11, 2022, 07:50 AM


MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment... Read Story
April 12, 2022, 07:24 AM


MidCap Business Credit has formed a new entity MidCap Equipment Finance LLC and has retained a team of seasoned investment professionals to begin offering equipment loans and leases to middle market companies in the U.S. and Canada. This new product... Read Story
February 11, 2022, 08:00 AM


MidCap Business Credit closed on a $9,000,000 asset-based credit facility for Titan Production Equipment, LLC, headquartered in The Woodlands, TX.   Titan Production Equipment designs, engineers, and manufactures surface production equipment, focused... Read Story
December 15, 2021, 07:55 AM


MidCap Business Credit closed on a $6,000,000 asset-based credit facility for a Camwood Capital Group portfolio company, Texas Contract Manufacturing Group (“TCMG”), and TCMG’s wholly owned subsidiaries, Lor-Van Manufacturing, Inc., and Apex... Read Story
November 30, 2021, 07:48 AM


MidCap Business Credit announced today they have closed on a $3,500,000 asset-based revolving line of credit for Momenta, Inc., headquartered in Portsmouth, NH. Momenta is an importer and distributor of arts and crafts related consumer products.  The... Read Story
October 05, 2021, 07:51 AM


MidCap Business Credit closed a $6,500,000 asset-based revolving line of credit for Horizon Mud Company headquartered in Midland, TX.  Horizon Mud sells chemicals and provides engineering and project management services into the oil and gas industry.... Read Story
July 07, 2021, 07:40 AM


MidCap Business Credit closed a $10 million revolving credit facility for Fairway Lumber Company, Inc., D/B/A Bay Forest International.The credit facility was used to refinance the company’s existing senior debt and to support their growth plans. ... Read Story
June 03, 2021, 07:49 AM


MidCap Business Credit added Terry Dougherty and Jay Cunningham to its risk team.  Peter Rutigliano, EVP stated, “As we continue to grow and build out our portfolio, it is imperative to have right employees in place to meet our customers and partners... Read Story
May 06, 2021, 07:29 AM


MidCap Business Credit closed an $8,000,000 asset-based credit facility for a manufacturer of precision components and assemblies in the aerospace and defense industry. The opportunity was sourced out of MidCap’s office located in West Hartford... Read Story
March 29, 2021, 07:15 AM


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