2020 MidFirst Business Credit News
MidFirst Business Credit Announces New Lending Relationship with Northern Brewer, LLC
Sep 2, 2020
ATLANTA – MidFirst Business Credit (MFBC) announced it has provided a $3 million working capital facility to Northern Brewer, LLC (Northern). Located in Roseville, Minnesota, Northern is an e-tailer and retailer of beer, wine and kombucha home brewing equipment and supplies. The funds were used to provide additional working capital and help facilitate further business expansion. The transaction was completed on August 26, 2020.
MidFirst Business Credit Announces New Lending Relationship with Ullman Oil Company, LLC
Aug 25, 2020
ATLANTA – MidFirst Business Credit (MFBC) announced it has provided $12.2 million in working capital and term-loan facilities to Ullman Oil Company, LLC. Ullman, located in Chagrin Falls, Ohio, is a full-service, value-added supplier and distributor of gasoline, diesel fuel, biodiesel, home heating oil and lubricants. The funds were used to refinance the payoff to an existing lender, provide working capital and help facilitate further business expansion. The transaction was completed on August 5, 2020.
MidFirst Business Credit Announces New Lending Relationship with Phoenix Group Metals, LLC
Jul 13, 2020
ATLANTA – MidFirst Business Credit (MFBC) announced it has provided a $10 million working capital facility to Phoenix Group Metals, LLC (PGM). Headquartered in Phoenix, PGM operates three recycling locations for automotive cores and catalytic convertors in Phoenix, Houston, and Atlanta. The funds were used to refinance the payoff to an existing lender, provide additional working capital and help facilitate further business expansion. The transaction was completed on July 24.
MidFirst Business Credit Announces The Promotion of Bruce Van Weele
Mar 13, 2020
ATLANTA – MidFirst Business Credit (MFBC) is pleased to announce the promotion of Bruce Van Weele to Director of Loan Administration at its Atlanta headquarters. In his new role, Van Weele will be responsible for structuring, underwriting, closing and monitoring asset-based financing solutions, with commitment amounts up to $30 million, for middle-market businesses throughout the United States.
MidFirst Business Credit Announces the Hiring of Jonathan Schuster
Feb 27, 2020
ATLANTA – MidFirst Business Credit (MFBC) is pleased to announce that Jonathan Schuster has joined its team as a business development officer in Los Angeles. In his new role, Schuster will be responsible for originating, structuring, and funding asset-based financing solutions with commitment amounts up to $30 million for middle-market businesses in the California and West Coast markets.
MidFirst Business Credit Announces New Lending Relationship with Principal Manufacturing Corporation
Feb 25, 2020
ATLANTA – MidFirst Business Credit (“MFBC”) announced it has provided $16 million in working capital and term facilities to Principal Manufacturing Corporation (“PMC”). Headquartered in Broadview, Illinois, PMC is a custom manufacturer of fine-blanking and precision stamping parts for OEMs, and Tier 1 and 2 automotive suppliers in the U.S. and Mexico. The funds were used to refinance the payoff to an existing lender, provide additional working capital and help facilitate further business expansion. The transaction was completed on January 21.