Trade Associations: Commercial Finance Association, Turnaround Management Association, Association for Corporate Growth
Type of Business: Asset Based Lending
MB Business Capital a division of MB Financial Bank, NA, a commercial bank based in Chicago, IL, provides creative asset-based financing to middle-market companies throughout the United States and Canada ranging from $5 million – $35 million. Serving middle market manufacturers, distributors and service companies; selected regional or national store-based retail chains with sales from $25 million to $500 million primarily with needs related to acquisitions, dividend recapitalizations, growth, debt restructurings, debtor-in-possession, and turnarounds. Providing flexible structures that include revolving lines of credit supported by accounts receivable and inventory and term loans, supported by equipment and real estate.
GENERAL LENDING PARAMETERS
$5,000,000 to $35,000,000
Dedicated syndication capabilities up to $100,000,000
Up to 85% of eligible accounts receivable
Up to 60% of eligible inventory with higher advance rates available based upon appraisal and to meet seasonal needs
Up to 80% of eligible accounts receivable
Capital expenditure facilities available to finance new equipment purchases
Up to 7 years — equipment loans
Up to 15 years — real estate loans
Up to 25% of the total credit facility and supported by sufficient cash flow to repay principal, generally within 36 months
Available through preferred third-party sources
Manufacturers, distributors and selected service companies with sales from $25 million to $500 million; selected regional or national store-based retail chains.
Prospects should generally be profitable with sufficient cash flow to cover debt service. Turnarounds are selectively considered provided a return to profitability can be documented through due diligence.