Jeff Dunbar joined UMB Bank’s capital finance business development team as a senior vice president and business development officer under the accounts receivable finance business channel. Operating out of St. Louis, Dunbar will contribute to the business’ marketing efforts throughout the Midwest.
UMB Bank, through its UMB Capital Finance channel, provided a $2 million credit facility to a Massachusetts-based data analytics service firm specializing as a software value added reseller.
Concord Financial Advisors served as exclusive financial advisor and arranged $21 million in senior debt in the form of a senior secured revolving line of credit for The O’Gara Group. UMB Capital Finance provided the financing.
UMB Bank, through its UMB Capital Finance accounts receivable finance business channel, provided a $5 million credit facility to a Texas based integrator and supplier of video conference systems.
UMB Capital Finance, utilizing its accounts receivable finance business channel, provided a $20 million credit facility increase to an existing client, SOAR Transportation Group, to assist in funding several acquisitions as well as for general working capital purposes.
UMB Capital Finance added Danilo Chang as a business development officer based in Sacramento, CA. Chang will be representing UMB in the Northern California and Pacific Northwest markets.
UMB Capital Finance added Nic Wagner as a business development officer based in Denver. Wagner will be representing UMB in the Colorado, Oklahoma and Texas markets, offering working capital solutions through accounts receivable finance, factoring and asset-based lending.
UMB Capital Finance closed and funded a $2 million revolving accounts receivable credit facility for a transportation company specializing in flat bed equipment hauls.
UMB Capital Finance recently closed four asset-based credit facilities totaling more than $21.3 million.
UMB Bank, transacting business as UMB Capital Finance, closed a $4 million revolving account receivable credit facility for a North Dakota-based transportation company specializing in the delivery of refrigerated freight nationwide.