MidFirst Business Credit Announces New Lending Relationship with LDC Stone, Inc.
ATLANTA – MidFirst Business Credit (MFBC) announced it has recently provided a $25 million working capital facility to LDC Stone, Inc. (“LDC”). Headquartered in Addison, TX, LDC provides design, manufacturing and installation of kitchen and bath cabinet solutions to builders/contractors of single family and multi-family dwellings. The funds were used to refinance existing loans and provide additional working capital to help facilitate further business expansion.
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MidFirst Business Credit Announces New Lending Relationship with Control Solutions, LLC
ATLANTA – MidFirst Business Credit (MFBC) announced it has recently provided a $7 million working capital facility to Control Solutions, LLC (Control). Headquartered in Aurora, Illinois, Control manufactures a complete line of electronic commercial drive controllers and battery charging systems. These systems are used in shopping cart retrieval systems, mobility scooters, motorized gun turret control systems and power door systems for the military, and electronic lift systems for medical beds and gurneys for ambulances. The funds were used to refinance existing loans and provide additional working capital to help facilitate further business expansion.
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MidFirst Business Credit Announces New Lending Relationship with Chase Products Co.
ATLANTA – MidFirst Business Credit (MFBC) announced it has recently provided a $9.5 million working capital and term facility to Chase Products Co (Chase). Headquartered in Broadview, IL, Chase is a manufacturer and leader of aerosol solutions serving diverse end markets, including household products, coatings and paints, automotive, personal care, janitorial, industrial and institutional and arts and crafts. The funds were used to refinance existing loans and provide additional working capital to help facilitate further business expansion.
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MidFirst Business Credit Announces New Lending Relationship with iT1 Group
ATLANTA – MidFirst Business Credit (MFBC) announced it has recently provided a $25 million working capital facility to iT1 Group. Headquartered in Tempe, AZ, iT1 Group is a value-added reseller of computers and hardware and custom software solutions that combines business relationships with in-depth product knowledge to provide industry leading IT services and solutions. The funds were used to refinance existing loans and provide additional working capital to help facilitate further business expansion.
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MidFirst Business Credit Announces New Lending Relationship with Alcrete Industries, LLC
ATLANTA – MidFirst Business Credit (MFBC) announced it has recently provided a working capital facility to Alcrete Industries, LLC (Alcrete). Headquartered in Pell City, AL, Alcrete is a manufacturer of precast concrete products used in new construction projects. The funds were used for an add-on acquisition, to refinance existing loans and provide additional working capital to help facilitate further business expansion.
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MidFirst Business Credit Announces New Lending Relationship with Anthony Machine
ATLANTA – MidFirst Business Credit (MFBC) announced it has recently provided a working capital and term facility to Anthony Machine (Anthony). Headquartered in San Antonio, Texas, Anthony provides design and high-precision fabrication services, specializing in small to large gearboxes, pumps, shafts, housings, assemblies, and industrial equipment and parts and repair and maintenance services to companies in the petrochemical, mining & aggregate, aerospace, and processors for the oil and gas industries. The funds were used to refinance existing loans and provide additional working capital to help facilitate further business expansion.
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