BankFinancial established a convertible accounts receivable financing/ABL credit facility for a Minnesota-based provider of metal fabrication, sheet metal and stamping serving global industrial, agricultural and commercial equipment customers. The facility, which includes a recapitalization with extended availability, allows the client to scale production and add capacity to meet growing demand.
The client reached out to Marabek, a business advisory firm, to help with corporate development and financing. Marabek’s partnership with BankFinancial facilitated the introduction and collaboration for the credit facility.
“We are thrilled to have them as a new client,” Lindsay Gordon, senior vice president of commercial finance at BankFinancial, said. “Our client’s vertically integrated expansion goals and forward thinking represents a new horizon for the metal fabrication and stamping industry. As a trusted industry leader in financial services for mid-sized businesses, BankFinancial is excited to support their growth and finance their capital needs. We are committed to helping our customers achieve their goals and see a brighter future.”
“We can offer a lot of great connections within the financial and manufacturing sectors globally and knew the partnership with BankFinancial would be a great match,” Jessica Marshall, partner at Marabek, said. “We’re excited to see two great companies partner together and achieve great things.”
