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MB Business Capital Announces Funding for Summit Sports

March 25, 2015, 07:51 AM
Filed Under: Retail

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to Bloomfield Hills, Michigan-based Summit Sports, LLC.  Summit Sports is an action sports retailer that owns and operates a number of retail stores and websites, with over 18 years of Internet retail experience.   Summit is a portfolio company of Boston-based Digital Fuel Capital.  Digital Fuel Capital is an investment firm focused on e-commerce and digital marketing.  The new MB credit facility was provided to fund future working capital and growth needs of the company.

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.

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