MB Business Capital, a division of MB Financial Bank N.A., said Wednesday it provided a $17.5 million loan to E Revolution Ventures LLC. Selbyville, Delaware-based E Revolution is on-line retailer.
CHICAGO, IL (PRWEB) SEPTEMBER 16, 2015
MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $17.5 Million senior credit facility to Selbyville, Delaware based E Revolution Ventures, LLC . E Revolution Ventures is a global on-line retailer that sells various consumer goods directly to consumers via retail online marketplaces and stores like Amazon, e-bay, Sears, and Best Buy, and through its own ThinkFast branded websites. Proceeds of the facility will be used to fund working capital needs and expansion of product offerings.
Michael Sharkey, President of MB Business Capital says “We are delighted to be working with E Revolution and look forward to their continued success in the on-line marketing arena. MB Business Capital is a leading provider of retail finance solutions and E Revolution is an extremely innovative retailer operating on the cutting edge of technology. The company has an impressive track record of successful growth and profitability and MB’s asset based lending approach will help facilitate the company’s expanding balance sheet and top line growth.”
Stu Eisenman, President of E Revolution Ventures, Inc. said “We’re excited to be working with MB Business Capital. They took the time to learn about our business and looked for creative solutions to help finance our success. We spoke to over a dozen potential lending partners and were very pleased with the deal structure. Perhaps most importantly, we’re convinced they’re a partner that can finance our future growth.”
About MB Business Capital
MB Business Capital is the asset based lending division of MB Financial Bank, a commercial bank headquartered in Chicago, Illinois. MB Business Capital seeks asset based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million. The firm can also provide access to the full range of business banking products and services offered by MB Financial Bank.
About MB Financial, Inc. (NASDAQ: MBFI)
MB Financial Inc. is the Chicago-based holding company for MB Financial Bank, which has approximately $15 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success. Learn more about MB Financial, Inc. at http://www.mbfinancial.com.