MB Business Capital provided a new $5 million senior credit facility to Lakeville, MN-based J & E Manufacturing.
J&E is a contract manufacturer of precision metal components. The company manufactures custom fabrications using sheet metal, stampings and machined components. MB’s credit facility will be used to facilitate the acquisition of Leaf Industries, a manufacturer of precision sheet metal-related components, and to fund working capital needs.
“MB Business Capital has a proven track record of providing successful solutions to the metal stamping and forging industry. I am very pleased that our team was able to provide a financial package that allows for J & E’s acquisition of Leaf Industries and for their continued growth,” said Michael Sharkey, president of MB Business Capital.