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...
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April 05, 2024, 07:53 AM
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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...
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February 28, 2024, 07:47 AM
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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...
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January 03, 2024, 07:55 AM
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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...
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November 14, 2023, 07:53 AM
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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...
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October 26, 2023, 07:45 AM
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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...
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September 28, 2023, 07:45 AM
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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...
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August 24, 2023, 07:40 AM
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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...
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June 28, 2023, 07:40 AM
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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...
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May 10, 2023, 07:46 AM
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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...
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February 22, 2023, 07:16 AM
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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...
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February 01, 2023, 07:16 AM
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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...
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July 11, 2022, 07:34 AM
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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...
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June 08, 2022, 07:41 AM
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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...
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May 24, 2022, 08:00 AM
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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...
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May 11, 2022, 07:50 AM
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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...
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April 12, 2022, 07:24 AM
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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...
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February 11, 2022, 08:00 AM
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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...
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December 15, 2021, 07:55 AM
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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...
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November 30, 2021, 07:48 AM
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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...
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October 05, 2021, 07:51 AM
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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....
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July 07, 2021, 07:40 AM
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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. ...
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June 03, 2021, 07:49 AM
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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...
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May 06, 2021, 07:29 AM
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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...
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March 29, 2021, 07:15 AM
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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...
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September 29, 2020, 09:05 AM
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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...
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January 02, 2020, 08:45 AM
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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...
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November 07, 2019, 08:50 AM
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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....
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October 31, 2019, 08:50 AM
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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...
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September 19, 2019, 08:40 AM
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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...
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August 27, 2019, 08:40 AM
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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...
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August 12, 2019, 08:50 AM
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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...
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May 29, 2019, 08:55 AM
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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...
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April 09, 2019, 08:50 AM
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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...
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January 30, 2019, 08:21 AM
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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...
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September 20, 2018, 07:05 AM
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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 &...
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July 30, 2018, 07:30 AM
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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...
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July 11, 2018, 07:04 AM
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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...
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March 28, 2018, 07:00 AM
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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...
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November 07, 2017, 07:07 AM
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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...
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April 28, 2017, 07:06 AM
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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...
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March 22, 2017, 07:37 AM
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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...
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January 24, 2017, 07:08 AM
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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...
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November 17, 2016, 07:13 AM
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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...
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August 18, 2016, 07:33 AM
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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...
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July 12, 2016, 07:28 AM
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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...
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June 02, 2016, 07:38 AM
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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...
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March 25, 2016, 08:03 AM
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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...
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March 03, 2016, 07:51 AM
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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...
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February 23, 2016, 07:49 AM
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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...
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October 21, 2015, 07:53 AM
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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. ...
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September 10, 2015, 07:42 AM
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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...
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July 13, 2015, 08:02 AM
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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...
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June 29, 2015, 07:49 AM
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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...
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June 05, 2015, 07:52 AM
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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...
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April 02, 2015, 07:22 AM
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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...
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February 10, 2015, 07:41 AM
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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...
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November 21, 2014, 07:21 AM
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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...
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September 11, 2014, 07:16 AM
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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...
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September 09, 2014, 07:22 AM
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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...
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August 04, 2014, 07:33 AM
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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...
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July 01, 2014, 07:11 AM
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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...
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March 24, 2014, 07:49 AM
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