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MB Business Capital Provides $8MM Credit Facility to TKO Electronics

December 02, 2014, 07:32 AM
Filed Under: Technology

MB Business Capital, a division of MB Financial Bank, N.A., recently provided an $8 million senior credit facility for TKO Electronics, Inc. TKO is a full-service technology sales and asset management company that supports the entire technology life-cycle from needs analysis to acquisition, and from parts and service to liquidation for maximum asset value. TKO sells and services new and used PCs, PC and server components, and printer parts and supplies to OEMs, corporate resellers, third-party maintenance firms, corporate end users, educational institutions and healthcare organizations.

Proceeds of the new MB Business Capital financing were used for the acquisition of the assets of MPI Marketing, Inc., out of Exton, PA and to fund ongoing growth and working capital needs.
Peter Kleinick, president of TKO Electronics, Inc. says, “We chose MB Business Capital based on their management style, quick response, competitive pricing, flexible covenant package and collateral advance rates.  We believe that MB Business Capital is the right partner to help take TKO through our next phase of growth.”

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. MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success.

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