"MB helped us to hit our financing timelines and things have been very straightforward since our closing.” said David Critten, President, Landmark Mfg. Corp.
CHICAGO (PRWEB) April 03, 2018
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $4,900,000 senior credit facility to Gallatin, Missouri-based Landmark Manufacturing Corporation (“Landmark” or the “Company”). Landmark, founded in 1953, is a third-generation family-owned business located near Kansas City, MO. Landmark is a metal fabricator providing stamping, forming, bending, welding, assembly, painting, and tooling, mostly for the transportation and agricultural industries and government agencies. MB’s credit facility was used to refinance existing senior indebtedness and will fund working capital needs going forward.
“MB Business Capital knows the metal industry. With over 20% of our portfolio in the metal industry, we understand the challenges Landmark faces, both short and long term. We listened to Landmark and provided them with a solution that will support their efforts to move the Company to the next level. We welcome Landmark to MB,” said Michael Sharkey, President of MB Business Capital.
“MB had the best overall financing cost of the 15 or so lenders that we looked at. We were going through some tough challenges with year-end and personnel changes and they were very accommodating and understanding to our situation. MB helped us to hit our financing timelines and things have been very straightforward since our closing,” said David Critten, President, Landmark Mfg. Corp.
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 $35 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 $20 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