Daily News: October 11, 2017

MB Business Capital Provides $9MM Facility for E.J. Victor

MB Business Capital provided a new $9 million senior credit facility to Morganton, NC-based E.J. Victor.

E.J. Victor is a manufacturer and importer of hand crafted furniture such as sofas, beds, loveseats, chests, mirrors, benches, ottomans and other accessories. MB’s credit facility will be used to fund working capital needs.

“The MB team worked diligently to structure a deal that will enable E.J. Victor to capitalize on a healthy furniture market and grow their business. MB Business Capital welcomes E.J Victor.” said Michael Sharkey, president of MB Business Capital.

John Jokinen, CEO of E.J. Victor, said, “MB capital totally understands our furniture industry and aggressively worked to provide our financial needs and future sales growth opportunities- a great young team to work with.”