Chicago, IL (PRWEB) October 15, 2014
MB Business Capital, a division of MB Financial Bank, N.A., is pleased to announce it has provided a $7,370,000 Senior Credit Facility for Wexco Incorporated and its operating subsidiaries, Fox Pool Corporation and Marquis Corp.
“We are happy to partner with MB Business Capital, the management team extremely knowledgeable and easy to work with,” stated Jeff Kurth, President of Wexco Incorporated. “They are a good fit for our business as they understand the seasonality of our company and structured the terms of our facility to enable us to address our needs. We look forward to a long and successful relationship.”
Wexco Incorporated, founded in 1986, is an employee-owned holding company headquartered in York, Pennsylvania. Proceeds of the new MB Business Capital financing were used to refinance existing debt and fund ongoing growth and working capital needs.
Fox Pool, founded in 1957, is a manufacturer of swimming pools, pool liners, and related accessories. Marquis, founded in 1980, is a leading designer and manufacturer of hot tubs and spas. Fox Pool and Marquis have distribution channels throughout the United States and Canada.
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 Bank
MB Financial Bank N.A. is a Chicago-based commercial bank with 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 Financial Bank offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success. MB Financial Bank is a wholly-owned subsidiary of MB Financial, Inc. (NASDAQ: MBFI).
Learn more about MB Financial Bank at http://www.mbfinancial.com.