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.
Headquartered in Atlanta with offices in Nashville, Detroit, Chicago, Dallas, Phoenix and Los Angeles, MidFirst Business Credit provides customized, flexible financing solutions to growing businesses nationwide. Offering lines of credit of up to $30 million, MidFirst Business Credit provides working capital and term loan facilities for acquisitions, recapitalizations, working capital needs and turnaround situations.
MidFirst Business Credit is owned by MidFirst Bank, the nation’s largest privately held bank with more than $37.2 billion in assets. This unique structure gives MFBC the flexibility of a finance company with the stable financial backing of a bank.