Daily News: December 2, 2014

MB Business Capital Provides TKO Electronics Funding

MB Business Capital, a division of MB Financial Bank, announced it provided an $8 million senior credit facility for TKO Electronics.

Proceeds were used for the acquisition of the assets of MPI Marketing, out of Exton, PA, and to fund ongoing growth and working capital needs.

Peter Kleinick, president of TKO Electronics, says, “We chose MB Business Capital based on their management style, quick response, competitive pricing, flexible covenant package and collateral advance rates. We believe that MB Business Capital is the right partner to help take TKO through our next phase of growth.”

TKO is a full-service technology sales and asset management company that supports the entire technology lifecycle.