From the proposal phase--to the finalization of our deal, we did not see any change in the Bank’s requirements, and their timelines were adhered to. We have found MB to be a reliable partner–and look forward to the relationship.” Jordan Bader, President
Chicago, IL (PRWEB) August 31, 2016
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to ACME Construction Supply Co., Inc. (“ACME”), a Portland, Oregon-based company. ACME distributes specialty products to the commercial construction, residential housing, industrial maintenance, and consumer markets. Acme serves the West Coast market with stores in the Portland, Seattle, Reno, Sacramento, San Francisco, San Jose, Los Angeles and Phoenix areas. Proceeds of the facility were used to refinance existing debt and to fund working capital needs.
“ACME is very well positioned to take advantage of the construction industry’s rebound and growth over the next several years. ACME offers a combination of geographic diversity and a broad breadth and depth of products to meet their various customers’ needs. We are very happy to welcome ACME to MB Business Capital and we are confident that the creative structure our team put together for ACME will give them the liquidity and flexibility they need to meet the Company’s growing demand.” says Michael Sharkey, President of MB Business Capital.
“From our first discussion, the team at MB Business Capital was very clear about their capabilities and requirements. Throughout our due diligence process, the team at MB expended a great deal of effort to gain a full understanding of our business, and its current pressures. Their proposal communicated genuine support of our rapid growth strategy of the last few years.
From the proposal phase -- to the finalization of our deal, we did not see any change in the Bank’s requirements, and their timelines were adhered to. We have found MB to be a reliable partner – and look forward to the relationship.” says Jordan Bader, President and Owner of ACME.
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.