MB Business Capital Announces Funding for Ardisam
Chicago, IL (PRWEB) October 14, 2015 -- MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to Cumberland, Wisconsin-based Ardisam, Inc. and its related companies. Ardisam is a manufacturer, importer and wholesaler of various outdoor seasonal products in the lawn and garden, hunting and ice fishing markets under such brand names as Eskimo®, Earthquake®, Rivers Edge Tree Stands® and Barronett Blinds™. Proceeds of the facility were used to fund working capital and assist the company in increasing its market presence.
“Our various product markets are highly competitive and rapidly changing. MB gives our company the tools and the flexibility to attack those markets head-on with the confidence that we have a true partner in our business,” said Ardisam Chief Executive Officer, Michael Furseth.
Michael Sharkey, President of MB Business Capital says, “We are very excited to have Ardisam as a customer. Our tailored ABL approach works well for healthy and growing companies with varying borrowing requirements throughout the year.”
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.
Karen Perlman, MB Financial Bank, http://www.mbfinancial.com, +1 847.653.1788, [email protected]
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