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


MB Business Capital Announces $4.9MM Credit Facility for Landmark Manufacturing

April 11, 2018, 08:01 AM
Filed Under: Manufacturing

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $4,900,000 senior credit facility to Gallatin, Missouri-based Landmark Manufacturing Corporation. Landmark, founded in 1953, is a third-generation family-owned business located near Kansas City, MO. Landmark is a metal fabricator providing stamping, forming, bending, welding, assembly, painting, and tooling, mostly for the transportation and agricultural industries and government agencies. MB’s credit facility was used to refinance existing senior indebtedness and will fund working capital needs going forward.

“MB Business Capital knows the metal industry. With over 20% of our portfolio in the metal industry, we understand the challenges Landmark faces, both short and long term. We listened to Landmark and provided them with a solution that will support their efforts to move the Company to the next level. We welcome Landmark to MB,” said Michael Sharkey, President of MB Business Capital.

“MB had the best overall financing cost of the 15 or so lenders that we looked at. We were going through some tough challenges with year-end and personnel changes and they were very accommodating and understanding to our situation. MB helped us to hit our financing timelines and things have been very straightforward since our closing,” said David Critten, President, Landmark Mfg. Corp.

Week's News

Comments From Our Members

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