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MB Business Capital Provides $5.2MM ABL to Transportation Agent Grid

October 10, 2014, 07:43 AM
Filed Under: Transportation

MB Business Capital, a division of MB Financial Bank, N.A., recently provided a $5.2 million senior credit facility for Oakland, CA-based Transportation Agent Grid, LP. 

Transportation Agent Grid, LP is a wholesale freight brokerage company that facilitates “last mile” courier, delivery and freight services between customers and independent delivery providers.  Proceeds of the facility were used to refinance existing debt and fund ongoing working 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.

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.

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