MB Business Capital Announces $11.25 Million Funding for Bolger, LLC
Chicago, IL (PRWEB) February 25, 2016 -- MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $11,250,000 million senior credit facility to Minneapolis, Minnesota-based Bolger, LLC. Bolger provides commercial printing services, print-on demand, fulfillment capabilities, one-to-one marketing, direct mailing services and customized technology services such as SmartQ®. The Company operates two printing facilities in Minneapolis, Minnesota, and serves clients in a number of market sectors, including corporate, financial, healthcare, luxury, education, and agency. Proceeds of the facility were used to refinance existing debt, realize the acquisition of Western Graphics, Inc., a provider of print on demand and commercial printing services located in St. Paul, MN, and to fund working capital needs.
“MB understands the printing industry and its challenges. We welcome the opportunity to assist Bolger with their acquisition of Western Graphics, which is a good strategic fit for them.” says Michael Sharkey, President of MB Business Capital.
“We are pleased to be working with the talented people of MB Business Capital who are assisting us in the Western Graphics acquisition. They have shown themselves to be strong business partners for Bolger, not only in this endeavor, but in other strategic business initiatives,” says dik Bolger, CEO of Bolger, LLC.
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.
Karen Perlman, MB Financial Bank, http://www.mbfinancial.com, +1 847.653.1788, [email protected]
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