MB Business Capital provided a new $9.32 million senior credit facility to Air Waves.

Air Waves is a provider of on-demand garment printing and fulfillment services.

Proceeds of the facility were used to support the asset purchase of Air Waves by a consortium of sponsors, Stewart Capital Management, C3 Capital, Cave Creek Capital Management and Northwood Ventures, and to support ongoing working capital needs.

“I don’t think I can say enough good things about MB Business Capital and how great the team has been to work with. The entire transaction went so smoothly. The MB team moved very quickly and worked with us to resolve issues expediently, even when it wasn’t an MB issue,” said Paul S. Pickard, managing director of Stewart Capital Management.

“We value our relationships with our key partners and we look forward to enhancing our relationship with all the participants in this facility. MB Business Capital welcomes Air Waves as a new customer and we support their continued success,” said Michael Sharkey, president of MB Business Capital.

MB Business Capital is the asset-based lending division of MB Financial Bank, a commercial bank headquartered in Chicago. MB Business Capital seeks asset based lending opportunities in the $5 million to $50 million range and offers dedicated syndication opportunities of up to $100 million.