“We are excited to be working with MB Financial, and the additional funding will help towards our expansion plans. We look forward to a long and prosperous relationship.” says Bill Jackson, President of Southeastern Aluminum Products, Inc.
CHICAGO (PRWEB) October 27, 2016
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $10.5 million senior credit facility to Southeastern Aluminum Products, Inc. (“SEAP”). Headquartered in Jacksonville, FL, SEAP is a leading manufacturer of bath enclosures and shower doors for the residential and commercial building industry, servicing the United States, Canada, Central & South America, and the Caribbean from its manufacturing facilities in Jacksonville, Indianapolis and Phoenix. Proceeds of the facility were used to refinance existing debt and to fund working capital.
“MB Business Capital knows and understands the building industry well. Our expert team was able to provide an innovative structure that provides SEAP with the additional liquidity that they were seeking," says Michael Sharkey, President of MB Business Capital.
“We are excited to be working with MB Financial, and the additional funding will help towards our expansion plans. We look forward to a long and prosperous relationship,” says Bill Jackson, President of Southeastern Aluminum Products, Inc.
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 provide access to selected products and services offered by MB Financial Bank. MB Business Capital Canada is a subsidiary of 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 $19 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.