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MB Business Capital Announces $9.5MM Credit Facility for Taylor Metal

March 16, 2017, 07:48 AM
Filed Under: Manufacturing

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,522,000 senior credit facility to Salem, Oregon-based Taylor Metal, Inc. 

Founded in 1985, Taylor Metal is a manufacturer and distributor of metal roofing, siding and accessories to installation contractors in the agricultural, commercial and residential building segments. They distribute their products primarily in the West Coast. MB’s credit facility will be used going forward to fund working capital needs and acquisitions.

“Taylor Metal has a great competitive edge with their quality products and exceptional service in the market place. Our new relationship gives them additional liquidity with greater flexibility that will support their continued growth. We are very happy to welcome Taylor Metal” says Michael Sharkey, President of MB Business Capital.

“MB’s ABL financing provided a welcome relief from the limitations of traditional commercial lenders. Our new MB facility added new liquidity at close, lowered our overall interest rate and removed other shareholder restrictions. For a growing company, this was critical to the success of our business.” says Keith Bailey, President of Taylor Metal Inc.

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