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MidCap Business Credit Closes $9MM ABL Facility with B&G Manufacturing Co.

February 06, 2018, 07:00 AM
Filed Under: Manufacturing

MidCap Business Credit announced that it has completed a $9 Million Asset Based Credit Facility to B&G Manufacturing Company, Inc. Headquartered in Hatfield, PA, B&G is a 60 yr. old family owned manufacturer and distributor of precision custom threaded rods, bolts, and fasteners. The products are marketed to the power generation, military/defense, medical device/implant, nuclear, aerospace, and oil and gas industries.

The opportunity was sourced out of MidCap’s regional office in Baltimore, MD.   Bruce Pavesich, Senior Vice President of MidCap Business Credit, LLC, said, "We were able to  provide a flexible Asset Based Line of Credit and increase the size of company’s prior  bank credit facility. We look forward to working with the company and helping them achieve their goals and grow the business.”

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