MB Business Capital provided a new $9.522 million senior credit facility to Salem, OR-based Taylor Metal.

The credit facility will be used to fund working capital needs and acquisitions.

Taylor Metal is a manufacturer and distributor of metal roofing, siding and accessories to installation contractors in the agricultural, commercial and residential building segments.

“MB’s ABL financing provided a welcome relief from the limitations of traditional commercial lenders. Our new MB facility added new liquidity at close, lowered our overall interest rate and removed other shareholder restrictions. For a growing company, this was critical to the success of our business,” said Keith Bailey, president of Taylor Metal.

“Taylor Metal has a great competitive edge with their quality products and exceptional service in the market place. Our new relationship gives them additional liquidity with greater flexibility that will support their continued growth. We are very happy to welcome Taylor Metal,” said Michael Sharkey, president of MB Business Capital.