MidCap Business Credit Closes $5MM Revolver for Designer of Foam Products

MidCap Business Credit closed on a $5 million asset-based revolving line of credit for a designer and extruder of foam products and components used in a variety of industries.

The opportunity was sourced out of MidCap’s office located in Atlanta.

“We were able to provide the company with a deal structure which will allow them the flexibility they need to execute on their strategic plan and support their growth,” Rusty Bramlett, senior vice president of MidCap Business Credit, said.

MidCap Business Credit provides asset-based credit facilities to lower and middle market businesses with borrowing requirements from $2 million to $20 million.