MB’s ABL financing provided a welcome relief from the limitations of traditional commercial lenders. —Keith Bailey, President of Taylor Metal, Inc.
Chicago, IL (PRWEB) March 15, 2017
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,522,000 senior credit facility to Salem, Oregon-based Taylor Metal, Inc. Founded in 1985, Taylor Metal is a manufacturer and distributor of metal roofing, siding and accessories to installation contractors in the agricultural, commercial and residential building segments. They distribute their products primarily in the West Coast. MB’s credit facility will be used going forward to fund working capital needs and acquisitions.
“Taylor Metal has a great competitive edge with their quality products and exceptional service in the market place. Our new relationship gives them additional liquidity with greater flexibility that will support their continued growth. We are very happy to welcome Taylor Metal” says Michael Sharkey, President of MB Business Capital.
“MB’s ABL financing provided a welcome relief from the limitations of traditional commercial lenders. Our new MB facility added new liquidity at close, lowered our overall interest rate and removed other shareholder restrictions. For a growing company, this was critical to the success of our business.” says Keith Bailey, President of Taylor Metal 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 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 $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.