MidCap Business Credit
Asset-based loans for the lower middle market.
Asset-Based LendingFirmUnited States
Target market
Lower-middle-market manufacturers and distributors
Typical check
$5M-$30M
Geography
United States
Overview
MidCap Business Credit is a privately held commercial finance company, based in West Hartford, Connecticut, providing senior secured asset-based loans to lower-middle-market companies nationwide (it is unrelated to Apollo's MidCap Financial). Alongside working-capital revolvers it offers machinery, equipment and real-estate term loans, frequently for sponsor-owned borrowers.
Key facts
- Privately held, West Hartford, CT-based ABL specialist
- Lends $5M-$30M senior secured facilities nationwide
- Regularly finances sponsor-owned lower-middle-market companies