MidFirst Business Credit

No. MidFirst Business Credit operates as a division of MidFirst Bank, not as a standalone legal entity or a separate fund. The credit division uses the bank's balance sheet to originate and hold loans, and it sells no equity stakes or LP interests. This structure means all credit decisions ultimately roll up to MidFirst Bank's own underwriting and risk-management framework.

The unit provides senior secured credit facilities, primarily asset-based revolving lines of credit and term loans, with hold sizes generally between $5 million and $50 million. Collateral is typically accounts receivable, inventory, machinery, and owner-occupied real estate. The group also participates in stretch senior and last-out structures where the borrower's capital structure requires a broader credit solution.

No. The division is funded entirely on MidFirst Bank's own balance sheet, drawing on the bank's deposit base and capital reserves. There are no external limited partners, no fund-level management fees, and no capital-call mechanisms. This distinguishes it from private credit funds — including many middle-market asset-based lenders — that manage closed-end vehicles with limited-life structures.

The group focuses on middle-market companies with annual revenues typically between $10 million and $200 million. Target industries include manufacturing, wholesale and distribution, business services, and transportation — businesses that hold discrete, hard-asset collateral. The unit does not publicize a minimum EBITDA threshold, consistent with asset-based lending that emphasizes collateral coverage over cash-flow underwriting.

MidFirst Bank is privately controlled by the Records family of Oklahoma City, who have held the institution since its origins in the 1930s. The family's multi-generational ownership structure provides the credit division with a permanent capital base, insulating it from the capital-raising and fund-life constraints that influence private credit fund managers. The family does not publicly comment on the bank's strategy, and no family members are named as operators within the Business Credit unit itself.