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MB Business Capital Provides $6.5MM Credit Facility for Farwest Operating

February 20, 2019, 09:00 AM
Filed Under: Manufacturing

MB Business Capital, a division of MB Financial Bank, N.A., announced it acted as sole lender and administrative agent on the funding of a $6,500,000 senior credit facility to Moxee, Washington-based Farwest Operating, LLC (“Farwest” or the “Company”). Farwest is a metal fabrication company specializing in sheet metal fabrication and CNC machining. The Company manufactures and fabricates metal parts from flat to finish, serving customers in a variety of industries including telecommunications, construction, medical, military, and agriculture. Farwest is a portfolio company of OneAccord Capital. MB’s credit facility was used to refinance senior indebtedness and to fund working capital needs going forward.

OneAccord Capital is a leading lower-middle-market M&A advisory firm and private equity group headquartered in the Pacific Northwest. They serve the owners of family-owned and privately held companies and focus on companies with EBITDA of $1 million and above in a variety of industries.

“We welcome Farwest to MB. We were able to facilitate a new ABL lending solution that gave the company the liquidity and flexibility that they needed to execute their plans,” said Michael Sharkey, President of MB Business Capital.

“We are pleased to have entered into this credit facility with MB. They understand the capital-intensive nature of our business and have responded with a credit facility that can grow with us over the next decade,” said Scott Smith, Chairman of Farwest.


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