Hartford, Conn.-based MidCap Business Credit completed a $6 million asset-based line of credit to Boston-based SpineFrontier, according to ABL Advisor.
Here are three quick notes:
1. The credit line involves advances against SpineFrontier's receivables and inventory.
2. MidCap Business Credit offers asset-based credit facilities to businesses nationally.
3. SpineFrontier develops medical devices for outpatient spine surgery, with more than 30 products.