FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


MB Business Capital Announces Funding for Barbosa Cabinets

May 29, 2015, 07:39 AM
Filed Under: Manufacturing

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to Tracy, California-based Barbosa Cabinets, Inc. The company is a manufacturer of cabinets and countertops for large builders of single family homes and multi-family homes in Northern California. The new MB credit facility was provided to refinance debt and to fund working capital needs of the company.

Todd Rinella, CEO of Barbosa Cabinets said "We are pleased to be working with MB Financial Bank. They understand our business and financing needs and were able to provide a competitive structure and pricing that supports our operating and growth objectives. Additionally, we had confidence in their ability to close in a timely manner, which they did. We look forward to working with MB and its team for many years to come."

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.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.