MidCap Expands Enterprise to Embody Tools Finance…Hires Shah, Lightfoot and Berger to Lead.

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WEST HARTFORD, Conn. — MidCap Enterprise Credit score LLC publicizes immediately that it has fashioned a brand new entity MidCap Tools Finance LLC and has retained a staff of seasoned funding professionals to start providing gear loans and leases to center market firms within the US and Canada. This new product providing shall be complementary to MidCap’s present enterprise which has been offering working capital loans since 2004. The mix of asset-based lending and gear finance in a single group is a powerful aggressive benefit and a key differentiator within the unbiased monetary providers market house.

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The gear finance enterprise shall be led by Saurin Shah. Mr. Shah was a co-founder of SLR Tools Finance (formally often known as Nations Tools Finance) and in addition spent a few years at GE Capital. “We’re excited to have Saurin assist us construct out our gear finance platform and capabilities. We worth his entrepreneurial strategy and a few years of expertise structuring gear finance transactions,” stated Jeff Black, CEO. Moreover, MidCap has retained Matt Lightfoot to steer the originations efforts for this new enterprise. Matt has been originating gear finance transactions for a few years immediately with prospects and dealing intently with monetary intermediaries. Most not too long ago, Matt was SVP of Enterprise Growth at SLR Tools Finance. MidCap has additionally retained Al Berger to steer the underwriting and portfolio administration efforts for this new enterprise. Al has a few years of business credit score danger administration expertise for regulated and nonregulated firms. Al joins MidCap from SLR Tools Finance the place he was the SVP of Underwriting and Portfolio Administration. “This management staff has labored collectively for a few years and brings great worth to MidCap. We’re capable of begin originating, underwriting and funding gear finance transactions instantly as this staff leverages the present funding capabilities and powerful again workplace assist that MidCap has developed over a few years,” stated Black.

MidCap Tools Finance will give attention to offering loans and leases between $2,000,000 and $20,000,000 to center market firms positioned within the US and Canada throughout varied industries. Our originations effort shall be a mixture of sourcing transactions immediately from prospects in addition to working with intermediaries and brokers. Please go to www.midcap.com for extra data.

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20220209006106/en/

Contacts

MidCap Tools Finance

Saurin Shah
203-912-7623
sshah@midcap.com

Matt Lightfoot
419-575-1522
mlightfoot@midcap.com

MidCap Enterprise Credit score

Steven Samson
203-947-3699
ssamson@midcap.com

Seth Cooper
860-808-6888
scooper@midcap.com

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