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MB Business Capital Provides $8MM to Great Lakes Metal Stamping

November 19, 2015, 08:06 AM
Filed Under: Metals and Mining

MB Business Capital recently provided a new $8 million senior credit facility to Bridgman, Michigan-based Great Lakes Metal Stamping, Inc. Great Lakes is a steel and aluminum stamping operation supplying metal stampings and welded assemblies to a variety of markets, including agricultural, appliance and automotive. Great Lakes also has a facility in Cusseta, Alabama. Proceeds of the facility were used to fund working capital needs.

Michael Sharkey, President of MB Business Capital says “We welcome the opportunity to work with Great Lakes Metal Stamping and to be part of their continued growth initiative. With more than 20% of our portfolio in the metal related industry, we know and understand their day-to-day and long-term needs.”

Keith Hettig, CEO of Great Lakes Metal Stamping, Inc. says, “”It has been a pleasure working with MB Financial Bank. We are in a growth mode and MB  will be a great partner in providing for our current and future needs.”
About MB Business Capital

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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