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MB Business Capital Provides $5.8MM to Accord Industries

January 30, 2015, 08:07 AM
Filed Under: Manufacturing

MB Business Capital announced it recently provided a new $5.8 million senior credit facility to Winter Park, Florida, based Accord industries, LLC.  Founded in 1972, Accord manufactures PVC piping for a variety of applications, including agriculture, residential and commercial plumbing and water reclamation. Accord is a portfolio company of Philadelphia-based Alliance Holdings, a lower-middle-market private equity firm focused on niche manufacturing and industrials, and one of the largest 100% employee-owned companies in the United States.  The new MB Business Capital credit facility was provided to refinance existing debt and to fund working capital needs.

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 offeringdedicated syndication opportunities of up to $100 million. The firm can also provideaccess to the full range of business banking products and services offered by MB Financial Bank.

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