“The team at MB listened to us and learned our business." says Robert Ballard, CFO of Global Granite & Marble, LLC.
Chicago, IL (PRWEB) August 08, 2016
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $7.65 Million senior credit facility to St. Louis, Missouri based Global Granite & Marble, LLC. Global Granite & Marble is an importer and wholesale supplier of premium quality natural stone and Caesarstone quartz and Neolith surfaces for commercial and residential building projects. Global currently has locations in four cities: St. Louis, Indianapolis, Louisville and Chicago. Proceeds of the facility were used to refinance existing debt, fund working capital needs and to support expansion plans.
“As the housing market continues to rebound and commercial and private spending on new and existing home improvements rises, companies such as Global Granite & Marble need more liquidity to meet customer demand. As Global Granite & Marble execute their expansion plans they needed a financial partner that understood their needs and strategy. MB Business Capital was able to create a flexible facility that will support their day to day needs as well as their plan for growth.” says Michael Sharkey, President of MB Business Capital.
“The team at MB listened to us and learned our business. Our business requires substantial financial resources to offer the best selection of material in each of our markets with the highest level of customer service. MB has provided an innovative financing solution to accommodate our expansion plans.” says Robert Ballard, CFO of Global Granite & Marble, LLC.
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 $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 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.