West Hartford, Connecticut-based MidCap Business Credit is expanding its offering of commercial loan and collateral monitoring services for banks, hedge funds and others requiring detailed
West Hartford, Connecticut-based MidCap Business Credit is expanding its offering of commercial loan and collateral monitoring services for banks, hedge funds and others requiring detailed management and electronic reporting of their accounts receivable, inventory and other collateral and related loans.
MidCap argues that current economic conditions demand increased monitoring and reporting of underlying asset backed transactions, and says its third-party detail tracking, monitoring and reporting of commercial asset collateral and underlying loans allows lenders to manage risk better.
MidCap and its predecessor companies have been managing accounts receivable and inventory assets for more than 40 years. Its specialised loan accounting services and collateral borrowing base reporting services are designed for lenders that want to provide lines of credit to borrowers but don’t have the facilities in-house to track their clients’ loan and collateral borrowing base.
The firm provides also asset-based revolving lines of credit to companies whose financing needs range from USD1m upward, typically as growth or rehabilitative financing.
