FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


MB Business Capital Provides $17.3MM Credit Facility to HomTex

December 14, 2016, 07:39 AM
Filed Under: Manufacturing

MB Business Capital recently provided a new $17.3 million senior credit facility to Vinemont, Alabama-based HomTex, Inc. HomTex is a family owned company that manufactures bedding products that include fashion bedding, sheets, pillows, mattress pads, pet beds, comforters and blankets. The company manufactures a wide variety of products under private brands and within their family of brands: FitRite®, Dream Essenc, Revive, Suprelle, Dream Living, and DreamFit.  They sell directly to a wide variety of retailers from furniture and mattress stores, to big box retailers to E-commerce.  Proceeds of the new credit facility were used to refinance existing debt and fund working capital needs to support continuing growth of the business.

“HomTex was looking for a flexible financial partner that understood their day-to-day capital requirements. We were able to accommodate their requirements with a facility that meets not only their daily needs but their long-term objectives as well. ” says Michael Sharkey, President of MB Business Capital.

 “We are confident that we have found the right banking partner in MB Business Capital. Throughout the entire process of transitioning to MB Financial Bank, we found everyone there to be very professional, friendly, and extremely knowledgeable of the financial industry. With the support of MB Financial, we are in a solid position to achieve our corporate goals.  says Jerry Wootten, CEO and Founder of HomTex, Inc.

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.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.