Chicago, Il (PRWEB) July 14, 2015
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $24 Million senior credit facility to Holden, Louisiana based Ferrara Fire Apparatus, Inc. (Ferrara). Ferrara is a custom designer and manufacturer of emergency response vehicles. Ferrara has delivered more than 5,000 new fire apparatus to agencies in the United States and around the world. Proceeds of the facility were used to fund Ferrara’s continued growth.
Ferrara is a portfolio company of Merit Capital Partners based in Chicago, IL. Merit Capital Partners has raised $1.7 billion through five institutionally sponsored limited partnerships. Merit invests mezzanine and equity capital in middle-market companies principally in manufacturing, distribution and service industries.
Ben Yarbrough, Principal at Merit Capital Partners says, “Our goal is to work with committed owners and strong managers to help increase a company's enterprise value. Part of that strategy consists of working with strong committed financial partners like MB Business Capital. MB doesn’t just offer financing; they offer tailored solutions that help Merit create value for us and our clients.”
About MB Business Capital
MB Business Capital is the asset based lending division of MB Financial Bank, a commercial bank headquartered in Chicago, Illinois. MB Business Capital seeks asset based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million. The firm can also provide access to the full range of business banking products and services offered by MB Financial Bank.
About MB Financial, Inc. (NASDAQ: MBFI)
MB Financial Inc. is the Chicago-based holding company for MB Financial Bank, which has approximately $15 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals.
MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success. Learn more about MB Financial, Inc. at http://www.mbfinancial.com.