MidCap Business Credit becomes SpineFrontier’s lending partner — 3 quick notes

Hartford, Conn.-based MidCap Business Credit completed a $6 million asset-based line of credit to Boston-based SpineFrontier, according to ABL Advisor.

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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.

 

More articles on devices:
OrthAlign to launch OrthAlign Plus for direct anterior hip replacement — 4 things to know
Burton’s new Outpatient LED Examination Light has arrived
33 spine, orthopedic devices receive FDA 510(k) clearance in December

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