Daily News: August 16, 2013

Keltic Provides Revolver to Service Building Supply

Keltic Financial Services announced the recent funding of a $3.5 million senior secured revolving line of credit to MBI Acquisition Company (d/b/a Service Building Supply). The company, headquartered in Sanford, NC is a complete supplier of residential and commercial building materials. With the recent addition of a Raleigh, NC location, SBS caters to the builders’ needs in the Triangle and Sandhills areas of North Carolina.

“Keltic started the financing process by asking us to identify our goals, and let us know that they would partner with us in the achievement of those goals. While less expensive financing alternatives were available to MBI, we believe that Keltic will be there for us in these uncertain times and that confidence in our lender helps us sleep at night,” Denis St. Abuin/CEO MBI Acquisition Company.