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MB Business Capital Announces Funding for BCDVideo

May 05, 2015, 07:40 AM
Filed Under: Manufacturing

MB Business Capital recently provided a new senior credit facility to Chicago, Illinois-based BCDVideo.  The company is a global manufacturer of video surveillance storage solutions. BCDVideo is Hewlett Packard’s global OEM Partner for IP video security and provides IP security storage and intelligent network solutions to the security integrator community. Through these global integrators, BCDVideo currently is recording video surveillance on six continents and in 30 countries.

The new MB credit facility was provided to refinance debt and to fund working capital needs of the company. The MB facility will allow BCDVideo to continue its accelerated growth initiatives.

“Relationships have always been paramount to our success”, stated Jeff Burgess, president and founder of BCDVideo. “MB Financial not only ‘gets it’, but it was evident through this negotiation process that they took a genuine interest in our go-to-market strategies, as well as our customer relationships. As we continue to grow our business, it is exciting to have a bank as enthusiastic about our business as we are.”

MB Business Capital is the asset-based lending division of MB Financial Bank, a commercial bank headquartered in Chicago.  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.

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