MidCap Business Credit LLC

MidCap Business Credit LLC is a Dallas-based nonbank asset-based lender founded in 2003, serving businesses across the United States and Canada. It focuses on mid-market companies — manufacturers, distributors, wholesalers, and service businesses — that cannot qualify for traditional bank financing due to cash flow or net worth constraints. Rather than emphasizing borrower creditworthiness, MidCap underwrites against the value of hard assets. Credit facilities range from $2 million to $20 million and can be structured around accounts receivable, inventory, and equipment. There is no stated minimum credit score or time-in-business requirement, making it a practical option for financially stressed but asset-rich companies. Senior management is described as directly involved in deal structuring and ongoing collateral monitoring. A recent 2025 deal closing for a recycled plastics manufacturer suggests the firm remains active in the market.