MB Business Capital has opened a new office in Vancouver, Washington and announced that Kevin Schrader has joined its middle-market asset-based lending team as senior vice president. Scharder will source asset-based lending opportunities for MB Business Capital in the Washington, Oregon and Idaho markets.

Schrader brings nearly 25 years of banking experience to MB. Previously he served as a managing director at GE Capital where he was originating asset-based and leveraged cash flow facilities. Prior to GE, he originated new business at LaSalle Business Credit/Bank of America Business Capital. He has also held positions at Wells Fargo Capital Finance, Diversified Business Credit and Price Waterhouse. Schrader is a member of the Turnaround Management Association (TMA) and the Association for Corporate Growth (ACG).

Michael Sharkey president of MB Business Capital said "We are delighted to welcome Kevin to the MB team. We provide exceptional asset-based and commercial banking products and services from coast-to-coast. With Kevin’s vast asset based experience we anticipate many new relationships in the Pacific Northwest. "
 
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.