- KeyBank Expands Commercial Banking Teams in Chicago and Southern California to Serve the Middle Market
- Provident Expands Commercial Lending Team as Part of Regional Growth Strategy for Eastern Pennsylvania
- Appraisers See a Mixed Picture for Valuations
- SLR Business Credit Adds Mark J. Simshauser as Senior Vice President Supporting Growth in Northeast US
- Bob Seidenberger Joins Franklin Capital as VP of Sales
MidCap Business Credit Provides $8 Million Credit Facility for Manufacturer of Precision Components and Assemblies
By MidCap Business Credit
MidCap Business Credit announced today they have closed on 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, CT. Seth Cooper, Senior Vice President of MidCap Business Credit said, “We were able to provide the company with the additional liquidity they required which will allow them to execute on their strategic plan and support their growth”.
MidCap Business Credit provides asset-based credit facilities to lower and middle market businesses nationwide, who have borrowing requirements from $2MM to $20MM.
