ABL Services Directory

MB Business Capital


9550 West Higgins Road
Rosemont, IL 60018

http://mbbusinesscapital.com/
Phone: 847-653-1115

Contact Information

Michael Sharkey
President
847-653-7775
MSharkey@mbfinancial.com
Heidi Luck
VP | New Business
860-645-3463
Hluck@mbfinancial.com

Description/Services

In Business Since: 2008

Trade Associations: Commercial Finance Association, Turnaround Management Association, Association for Corporate Growth

Type of Business: Asset Based Lending

MB Business Capital a division of MB Financial Bank, NA, a commercial bank based in Chicago, IL, provides creative asset-based financing to middle-market companies throughout the United States ranging from $5 million- $50 million. Serving U.S. middle market manufacturers, distributors and service companies; selected regional or national store-based retail chains with sales from $25 million to $500 million primarily with needs related to acquisitions, dividend recapitalizations, growth, debt restructurings, debtor-in-possession, and turnarounds. Providing flexible structures that include revolving lines of credit supported by accounts receivable and inventory and term loans, supported by equipment and real estate.

GENERAL LENDING PARAMETERS

Loan Commitments:
  • $5,000,000 to $50,000,000
  • Dedicated syndication capabilities up to $100,000,000

STRUCTURE

Revolver:
  • Up to 85% of eligible accounts receivable
  • Up to 60% of eligible inventory with higher advance rates available based upon appraisal and to meet seasonal needs
Term Loans:
  • Up to 80% of eligible accounts receivable
  • Capital expenditure facilities available to finance new equipment purchases
Amoritization:
  • Up to 7 years — equipment loans
  • Up to 15 years — real estate loans
Cash-Flow Loans:
  • Up to 25% of the total credit facility and supported by sufficient cash flow to repay principal, generally within 24 months
Equity/Mezzanine/Second Lien:
  • Available through preferred third-party sources

INDUSTRIES

Manufacturers, distributors and selected service companies with sales from $25 million to $500 million; selected regional or national store-based retail chains.

PERFORMANCE

Prospects should generally be profitable with sufficient cash flow to cover debt service. Turnarounds are selectively considered provided a return to profitability can be documented through due diligence.