Daily News: September 13, 2017

MB Business Capital Provides $9MM Facility to Triumph Manufacturing

MB Business Capital provided a new $9.05 million senior credit facility to Tempe, AZ-based Triumph Manufacturing.

Founded in 1957, Triumph is an automotive parts manufacturer specializing in the production of turned and machined precision parts in high volume, utilizing a variety of machining processes. MB’s credit facility will be used to fund working capital needs.

“The MB Business Capital team used their expertise and experience in the automotive industry to provide a complete one-stop-shop solution for Triumph. We are very pleased to welcome Triumph to MB and we look forward to a successful relationship,” said Michael Sharkey, president of MB Business Capital.

“MB Business Capital was terrific to work with. They are a very professional team that understands manufacturing,” said Ben Davis, CFO of Triumph Manufacturing.