MidCap Business Credit Provides $3.5MM LOC to Momenta

Written By Terri Baker

MidCap Business Credit closed on a $3.5 million asset-based revolving line of credit for Momenta, an importer and distributor of arts and crafts related consumer products headquartered in Portsmouth, NH.

The opportunity was sourced out of Midcap Business Credit’s headquarters in West Hartford, CT.

“We were able to structure a credit facility which provided the company with the additional liquidity they need to execute on their strategic plan and support their growth,” Seth Cooper, senior vice president of MidCap Business Credit, said.

Terri Baker
Previous

Lighthouse Financial Provides $5MM Credit Facility to Atlanta-Based Flooring Distributor
Next

Tax Guard Resolves $1.7MM IRS Liability for Oil and Gas Company