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MB Business Capital Provides $8MM Credit Facility to Active Fashion Group

August 22, 2016, 08:07 AM
Filed Under: Apparel

MB Business Capital announced it recently provided an $8 million senior credit facility to Active Fashion Group (“AFG”), a Colorado based company. AFG, founded in 1998 as a wholesale manufacturer and distributor, designs and distributes innovative active lifestyle and outdoor apparel for brands including Soybu, Tranquility, Tulah and Colorado Clothing. Proceeds of the facility were used to refinance existing debt and to fund working capital needs.

“MB Business Capital happily welcomes AFG as a new customer. MB Business Capital was able to provide not just financing, but a long term tailored solution that will enable them to realize their immediate and future objectives.” says Michael Sharkey, President of MB Business Capital.

“MB developed a relationship with AFG over a two year period of time and was able to wait until the opportunity made the best financial sense for the company. They have provided a flexible structure that allows us to address timing variances between overseas production and domestic customer delivery, as well as a nimble infrastructure that allows AFG to evolve and react to changing market needs.” says Carolyn Hadden, Chief of Staff, Vice President of Finance.

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.

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