MB Business Capital, a division of MB Financial Bank, provided a new $7.65 million senior credit facility to St. Louis-based Global Granite & Marble.

Global Granite & Marble is an importer and wholesale supplier of premium quality natural stone and Caesarstone quartz and Neolith surfaces for commercial and residential building projects. Proceeds of the facility were used to refinance existing debt, fund working capital needs and support expansion plans.

“As the housing market continues to rebound and commercial and private spending on new and existing home improvements rises, companies such as Global Granite & Marble need more liquidity to meet customer demand. As Global Granite & Marble execute their expansion plans they needed a financial partner that understood their needs and strategy. MB Business Capital was able to create a flexible facility that will support their day to day needs as well as their plan for growth.” said Michael Sharkey, president of MB Business Capital.

Chicago-based MB Business Capital is the asset based lending division of MB Financial Bank.