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MB Business Capital Announces Funding for SMWC Acquisition

December 24, 2014, 07:48 AM
Filed Under: Distribution

MB Business Capital, a division of MB Financial Bank, N.A., announced that it recently provided a new senior credit facility to Kansas City, Missouri based, SMWC Acquisition Co., Inc. which does business under the name Steel Manufacturing & Warehouse Co.  The company is a distributor of heavy carbon steel including flat-rolled plates and shaped products as well as precision cut-to-length coil processing.  Proceeds of the facility are being used to 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 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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