MB Business Capital announced it recently provided a new $24 million senior credit facility to Ferrara Fire Apparatus, a portfolio company of Merit Capital Partners.

Ferrara is a portfolio company of Merit Capital Partners (MCP) based in Chicago. MCP has raised $1.7 billion through five institutionally sponsored limited partnerships. Merit invests mezzanine and equity capital in middle-market companies principally in manufacturing, distribution and service industries.

Holden, LA-based Ferrara is a custom designer and manufacturer of emergency response vehicles. Ferrara has delivered more than 5,000 new fire apparatus to agencies in the U.S. and around the world. Proceeds of the facility were used to fund Ferrara’s continued growth.

Ben Yarbrough, principal at Merit Capital Partners says, “Our goal is to work with committed owners and strong managers to help increase a company’s enterprise value. Part of that strategy consists of working with strong committed financial partners like MB Business Capital. MB doesn’t just offer financing; they offer tailored solutions that help Merit create value for us and our clients.”