CHICAGO, IL (PRWEB) January 31, 2015
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $ 5.8 million senior credit facility to Winter Park, Florida, based Accord industries, LLC. Founded in 1972, Accord manufactures PVC piping for a variety of applications, including agriculture, residential and commercial plumbing and water reclamation. Accord is a portfolio company of Philadelphia-based Alliance Holdings, a lower-middle-market private equity firm focused on niche manufacturing and industrials, and one of the largest 100% employee-owned companies in the United States. The new MB Business Capital credit facility was provided to refinance existing debt and to fund working capital 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.
About MB Financial, Inc. (NASDAQ: MBFI)
MB Financial Inc. is the Chicago-based holding company for MB Financial Bank, which has approximately $ 15 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients success.
Learn more about MB Financial, Inc. at http://www.mbfinancial.com.