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MB Business Capital Provides $5.75MM Credit Facility to Via, Inc.

May 26, 2016, 07:58 AM
Filed Under: Manufacturing

MB Business Capital recently provided a new $5.7 million  senior credit facility to Sparks, Nevada based Via, Inc. Via is a designer and manufacturer of branded, ergonomically advanced office chairs. The company was founded in 1987 with a focus on providing high quality, custom selected seating that can be shipped in 48 hours. Proceeds of the facility were used to refinance existing debt and to fund working capital needs.

Excelsior Capital Partners is the majority shareholder of Via Seating. Excelsior is a special situations investment firm focused on private equity, distressed debt and bridge lending. The firm provides debt and equity capital to corporations, real estate investors, and financial institutions. Excelsior has offices in Newport Beach, CA and Denver, CO.

“Via differentiates themselves by serving the middle-market with advanced functionality in their products, superior customer service, including orders that can be turned in two days, and mid-range pricing. We are excited to be part of their growth story and look forward to our new relationship together,” says Michael Sharkey, President of MB Business Capital.

“Via Seating is in an exciting growth mode and we sought out a lender that understood our vision and wanted to help execute our business strategy. We are happy MB Business Capital proved to be that partner and we look forward to a long term relationship,” says Chas Hepler, President  & CEO of Via, Inc.

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. 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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