Daily News: October 10, 2014

MB Business Capital Provides Transportation Agent Grid Funding

MB Business Capital, a division of MB Financial Bank, announced it recently provided a $5.2 million senior credit facility for Oakland, CA-based Transportation Agent Grid.

Transportation Agent Grid is a wholesale freight brokerage company that facilitates “last mile” courier, delivery and freight services between customers and independent delivery providers. Proceeds of the facility were used to refinance existing debt and fund ongoing working capital.