I am very pleased that our team was able to provide a financial package that allows for J & E’s acquisition of Leaf Industries and for their continued growth. ” says Michael Sharkey, President of MB Business Capital.
Chicago, IL (PRWEB) May 17, 2017
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $5,000,000 senior credit facility to Lakeville, Minnesota-based J & E Manufacturing, Co. (“J & E”). J&E is a contract manufacturer of precision metal components. The Company manufactures custom fabrications using sheet metal, stampings and machined components. In addition, the Company also has welding, metal spinning, assembly and powder coat capabilities. MB’s credit facility will be used to facilitate the acquisition of Leaf Industries, Inc. and to fund working capital needs. Plymouth, Minnesota based-Leaf Industries is a manufacturer of precision sheet metal related components, weldments, assemblies, and products.
“MB Business Capital has a proven track record of providing successful solutions to the metal stamping and forging industry. I am very pleased that our team was able to provide a financial package that allows for J & E’s acquisition of Leaf Industries and for their continued growth,” says Michael Sharkey, President of MB Business Capital.
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.