MB Business Capital provided a new $4.9 million senior credit facility to Gallatin, MO-based Landmark Manufacturing. Proceeds from the facility were used to refinance existing senior indebtedness and will fund working capital needs going forward.
“MB had the best overall financing cost of the 15 or so lenders that we looked at. We were going through some tough challenges with year-end and personnel changes and they were very accommodating and understanding to our situation. MB helped us to hit our financing timelines and things have been very straightforward since our closing,” said David Critten, president, Landmark.
“MB Business Capital knows the metal industry. With over 20% of our portfolio in the metal industry, we understand the challenges Landmark faces, both short and long term. We listened to Landmark and provided them with a solution that will support their efforts to move the Company to the next level. We welcome Landmark to MB,” said Michael Sharkey, president of MB Business Capital.
Founded in 1953, Landmark is a metal fabricator providing stamping, forming, bending, welding, assembly, painting and tooling, mostly for the transportation and agricultural industries and government agencies.
