Skip to content
sdatbusiness

sdatbusiness

Business management

Primary Menu sdatbusiness

sdatbusiness

  • Business management
  • Advertise Here
  • Contact Us
  • Privacy Policy
  • Sitemap
  • business & finance

MidCap Business Credit launches new Equipment Finance Business, Increases Credit Facility with Wells Fargo Capital Finance

1 month ago Magenet Magenet


WEST HARTFORD, Conn., April 11, 2022–(BUSINESS WIRE)–MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment finance vertical, MidCap Equipment Finance, which will focus on providing equipment leases and loans between $2 million and $20 million to middle-market customers in the United States and Canada.

Steve Samson, president of MidCap Business Credit, stated, “We are excited to expand our relationship with Wells Fargo. The Lender Finance team was very supportive throughout the process, and we are now able to offer both asset-based lending and equipment financing to our customers while leveraging our rigorous credit, servicing, and finance operations.”

“Wells Fargo values our relationship with MidCap, and we are proud to support their strategic plan and expanded product offering,” said Stewart Hayes, managing director for the Lender Finance division of Wells Fargo Capital Finance. “We are pleased to be part of MidCap’s ongoing growth story and look forward to helping them continue to serve middle-market clients.”

Related Posts:

  • MidCap Increases Credit Facility with Wells Fargo to Support New Equipment Finance Business

Saurin Shah will serve as president of MidCap Equipment Finance. Shah is an industry veteran with deep expertise in structuring equipment transactions. Prior to MidCap, Shah was a co-founder of SLR Equipment Finance, which started operations in 2010 (formerly Nations Equipment Finance). He started his equipment finance career with GE Capital. Joining Shah, MidCap has hired Matt Lightfoot as head of originations and Al Berger as head of credit. Both Lightfoot and Berger were most recently at SLR Equipment Finance and worked closely with Shah in the past. This team invested over $1 billion in equipment loans and leases across a variety of industries.

“I am very excited to join MidCap to build out an equipment finance platform,” said Saurin Shah. “Since 2004 MidCap has been serving middle-market companies nationwide with its asset-based lending product. MidCap is a respected brand and consistent force in the industry. This expansion, with the support of Wells Fargo, represents a unique opportunity for our customers. We have great team with proven experience that has worked together for many years. We are committed to bringing our knowledge and expertise to the marketplace.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20220411005174/en/

Contacts

Saurin Shah
203-516-6726
[email protected]



Source link

Tags: "Women'S Business Casual, Amazon Fba Business, Atlanta Business Chronicle'S, Boss Baby Back In Business, Business Administration Degree, Business Attire Women, Business Card Design, Business Cards Templates, Business Casual Dress, Business Casual Outfits, Business Checking Account, Business Credit Card, Business For Sale Near Me, Business Intelligence Platform, Business Lawyer Near Me, Business Loan Calculator, Business Name Ideas, Business Professional Women, Business Spectrum Login, California Business Entity Search, Capital One Spark Business, Carl Weber'S The Family Business, Charlotte Business Journal, Custom Business Cards, Delaware Business Search, Fl Sos Business Search, Florida Business Search, Harvard Business Publishing, Insurance For Small Business, Kelley School Of Business, Maryland Business Express, Maryland Business Search", Moo Business Cards, National Business Furniture, New York Business Search, Ohio Business Gateway, Onedrive For Business, Online Business Ideas, Paramore Misery Business, Risky Business Cast, Small Business Insurance, Spectrum Business Customer Service, Tom Cruise Risky Business, Us Small Business Administration, Verizon Wireless Business, Verizon Wireless Business Login, Virtual Business Address, What Is Business Administration, Yelp Business Login, Yelp For Business

Continue Reading

Previous Should You Borrow from a Moneylender?
Next UT business students helping Austin community file taxes

More Stories

  • business & finance

South Africa US$765.9 Million Embedded Finance Business and Investment Market to 2029: A $3,091.1 million Opportunity | News

7 hours ago Magenet Magenet
  • business & finance

Signature Bank Launches New National Business Line With Appointment of Healthcare Banking and Finance Team | National Business

2 days ago Magenet Magenet
  • business & finance

Signature Bank Launches Healthcare Banking and Finance Business Line

3 days ago Magenet Magenet

Recent Posts

  • Visual Content Marketing on Social Media 
  • ‘Akhanda’ movie review: Boyapati Srinu and Nandamuri Balakrishna’s loud action entertainer is strictly for the fanbase
  • Workers’ advocates turned away at Dollar General meeting
  • British power firms’ shares slide after windfall tax report
  • Russia Excluded From Global Banking?

Archives

  • May 2022
  • April 2022
  • March 2022
  • January 2022
  • December 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • December 2020
  • November 2020
  • November 2018
  • October 2018
  • January 2017

Categories

  • business
  • business
  • business & finance
  • Business management
  • finance
  • General


09c4b4c6a4381ca6a3af449163783335a47073bc 

Business

at&t business customer service

visit now

business rules engine
Intellifluence Trusted Blogger

backlinks

linkspanel

textlinks

You may have missed

  • General

Visual Content Marketing on Social Media 

5 hours ago Magenet Magenet
  • General

‘Akhanda’ movie review: Boyapati Srinu and Nandamuri Balakrishna’s loud action entertainer is strictly for the fanbase

5 hours ago Magenet Magenet
  • General

Workers’ advocates turned away at Dollar General meeting

5 hours ago Magenet Magenet
  • finance

British power firms’ shares slide after windfall tax report

5 hours ago Magenet Magenet
  • finance

Russia Excluded From Global Banking?

6 hours ago Magenet Magenet
sdatbusiness.xyz All rights reserved. | CoverNews by AF themes.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT