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MB Business Capital Provides $19.7MM to Chicago Meat Authority

November 02, 2015, 07:59 AM
Filed Under: Distribution

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $19.7 Million senior credit facility to Chicago, Illinois based Chicago Meat Authority, Inc. Chicago Meat Authority is engaged in the processing, packing, and wholesale distribution of meat products to commercial and industrial food service providers on a worldwide basis. Proceeds of the facility were used to fund working capital needs.

Michael Sharkey, President of MB Business Capital says “We provide customized lending solutions and financial products to multiple industries nationwide. We have robust experience in the food industry but we especially like the ability to work with companies right in MB Financial Banks back yard. Chicago Meat Authority is a 25 year old family business that is headquartered in the historic Chicago Stockyards. We look forward to a successful and prosperous relationship.”

Jordan Dorfman, President of Chicago Meat Authority, Inc. said “Working with strong partners helps us to be more efficient and better serve our customers. MB really went the extra mile to understand our business and provide us a lending structure that will help us achieve our goals and more.”

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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