MidCap Business Credit Provides $5MM Asset-Based Credit Facility to Crozier Welding

MidCap Business Credit completed a $5 million asset-based credit facility for Crozier Welding. Founded in 1980 and headquartered in Coshocton, OH, Crozier Welding specializes in the design and manufacturing of oil and gas production equipment. The opportunity was sourced out of MidCap’s regional office in Baltimore.

"We were able to structure a deal which increased the size of the credit facility from what the Company had with their incumbent bank,” Bruce Pavesich, senior vice president of MidCap Business Credit, said. “The increased funding will augment the company’s existing vendor relationships and fund additional needed liquidity. We look forward to working with the company and helping them execute on their strategic plan and grow the business.”