MB Business Capital Announces $9 Million Credit Facility for Triumph Manufacturing, LLC
Chicago, IL (PRWEB) September 12, 2017 -- MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,050,000 senior credit facility to Tempe, Arizona-based Triumph Manufacturing, LLC (“Triumph”). Founded in 1957, Triumph is an automotive parts manufacturer specializing in the production of turned and machined precision parts in high volume, utilizing a variety of machining processes. MB’s credit facility will be used to fund working capital needs.
“The MB Business Capital team used their expertise and experience in the automotive industry to provide a complete one-stop-shop solution for Triumph. We are very pleased to welcome Triumph to MB and we look forward to a successful relationship.” says Michael Sharkey, President of MB Business Capital.
“MB Business Capital was terrific to work with. They are a very professional team that understands manufacturing.” says Ben Davis, Chief Financial Officer, Triumph Manufacturing, 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 $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
Karen Perlman, Senior Vice President, MB Financial Bank, http://www.mbfinancial.com, +1 847-653-1788, [email protected]
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