Daily News: December 29, 2014

MB Business Capital Provides New Facility to Steel Distributor

MB Business Capital announced it recently provided a new senior credit facility to Kansas City, MS-based, SMWC Acquisition, which does business under the name Steel Manufacturing & Warehouse.

The company is a distributor of heavy carbon steel including flat-rolled plates and shaped products as well as precision cut-to-length coil processing. Proceeds of the facility are being used to fund ongoing working capital.