MB Business Capital provided a new $15.275 million senior credit facility to Schiller Park, IL-based Midland Stamping and Fabricating.

Midland is a full-service provider of contract metal stampings and fabrications to tier one manufacturers in automotive, appliance, industrial, trailer and cookware industries. Midland was acquired by Speyside Equity in January of 2017. MB’s credit facility will be used to fund working capital needs.

Ann Arbor, MI-based Speyside Equity invests in industrial, specialty chemicals and food ingredients businesses.

“We are so pleased to welcome the second portfolio company of Speyside Equity to MB. Midland has unique processing capabilities and value-added services, and with the new MB Business Capital lending solution they will be able to leverage growth opportunities in their markets,” said Michael Sharkey, president of MB Business Capital.