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MB Business Capital Announces $10MM Funding for Azco Supply

April 29, 2015, 07:13 AM
Filed Under: Distribution

MB Business Capital recently provided a new $10 million senior credit facility to Stockton, CA-based Azco Supply, Inc.  Azco is a distributor of underground materials such as PVC conduit, underground pipe and wiring, transformers, LED street lighting, and traffic signals. The new MB credit facility was provided to refinance debt and to fund working capital needs of the company going forward.

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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