They have provided a flexible structure that allows us to address timing variances between overseas production and domestic customer delivery, as well as a nimble infrastructure that allows AFG to evolve and react to changing market needs.”
Chicago, IL (PRWEB) August 19, 2016
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided an $8 Million senior credit facility to Active Fashion Group (“AFG”), a Colorado based company. AFG, founded in 1998 as a wholesale manufacturer and distributor, designs and distributes innovative active lifestyle and outdoor apparel for brands including Soybu, Tranquility, Tulah and Colorado Clothing. Proceeds of the facility were used to refinance existing debt and to fund working capital needs.
“MB Business Capital happily welcomes AFG as a new customer. MB Business Capital was able to provide not just financing, but a long term tailored solution that will enable them to realize their immediate and future objectives,” says Michael Sharkey, President of MB Business Capital.
“MB developed a relationship with AFG over a two year period of time and was able to wait until the opportunity made the best financial sense for the company. They have provided a flexible structure that allows us to address timing variances between overseas production and domestic customer delivery, as well as a nimble infrastructure that allows AFG to evolve and react to changing market needs,” says Carolyn Hadden, Chief of Staff, Vice President of Finance.
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.