FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


MidCap Business Credit Provides $3.45MM ABL to Printer

December 22, 2014, 03:03 PM
Filed Under: Printing

MidCap Business Credit announced it has completed a $3.45 million asset-based credit facility to a commercial printing company located in the Northeast.  The credit facility is comprised of a $2.75 million revolving line of credit and a $700 thousand term loan.

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.  The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT.

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.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.