MB Business Capital Announces $8 Million Funding for Great Lakes Metal Stamping

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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $8 million senior credit facility to Bridgman, Michigan-based Great Lakes Metal Stamping, Inc.

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It has been a pleasure working with MB Financial Bank. We are in a growth mode and MB will be a great partner in providing for our current and future needs.” Said Keith Hettig, CEO, Great Lakes Stamping, Inc.

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $8 million senior credit facility to Bridgman, Michigan-based Great Lakes Metal Stamping, Inc. Great Lakes is a steel and aluminum stamping operation supplying metal stampings and welded assemblies to a variety of markets, including agricultural, appliance and automotive. Great Lakes also has a facility in Cusseta, Alabama. Proceeds of the facility were used to fund working capital needs.

Michael Sharkey, President of MB Business Capital says “We welcome the opportunity to work with Great Lakes Metal Stamping and to be part of their continued growth initiative. With more than 20% of our portfolio in the metal related industry, we know and understand their day-to-day and long-term needs.”

Keith Hettig, CEO of Great Lakes Metal Stamping, Inc. says, “”It has been a pleasure working with MB Financial Bank. We are in a growth mode and MB will be a great partner in providing for our current and future needs.”

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.

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