Small business online lender OnDeck closed an $85 million corporate revolving credit facility. SunTrust Bank and Silicon Valley Bank served as arrangers on the facility, while MB Financial Bank and Congressional Bank joined them as lenders.
MB Business Capital provided a new $23 million senior credit facility to NRP Jones, a manufacturer of hydraulic, industrial and oilfield hoses, fitting, and assemblies for both OEMs and distributors.
MB Business Capital, the asset-based lending division of MB Financial Bank, named Steve Janson as senior vice president.
Michael J. Leonard joined MB Financial Bank as a group president in the Commercial Banking Group. Leonard joins from First Midwest Bank where he was regional president.
MB Business Capital, a division of MB Financial Bank, announced it recently provided a $5.2 million senior credit facility for Oakland, CA-based Transportation Agent Grid.
MB Financial Bank promoted Robert F. Hallberg to group president in the commercial banking group. Hallberg joined the bank in 2007 as SVP, division manager, commercial banking.