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BankFinancial Provides $4MM Asset-Based Credit Facility to Metal Fabricator

February 16, 2022, 07:37 AM
Filed Under: Manufacturing

BankFinancial established a Convertible Accounts Receivable Financing/ABL Credit Facility to a Minnesota based leader in metal fabrication, sheet metal and stamping serving global industrial, agricultural, and commercial equipment customers. The recapitalization with extended availability allows the Client to scale production and add capacity to meet growing demand.

With a strategic focus to grow into new markets, the Client reached out to Marabek to help with corporate development and financing. Marabek is a firm that specializes in corporate advisory as well as mergers and acquisitions with extensive experience growing businesses in a healthy, metric-driven, and sustainable way. Marabek’s partnership with BankFinancial facilitated the introduction and collaboration of the credit facility.

"We are thrilled to have them as a new client," said Lindsay Gordon, SVP Commercial Finance at BankFinancial. "Our Client’s vertically integrated expansion goals and forward thinking represents a new horizon for the metal fabrication and stamping industry. As a trusted industry leader in financial services for mid-sized businesses, BankFinancial is excited to support their growth and finance their capital needs. We are committed to helping our customers achieve their goals and see a brighter future.”

“Our partnership with BankFinancial is a game changer,” said the Client’s President and Chief Financial Officer. “This will enable us to expand our business in ways we couldn’t before. Their innovative solution to our working capital and commercial real estate financing needs allow us to better serve our customers and capitalize on the unique business environment, fostering an even stronger foundation for our future. We’re thankful for BankFinancial and for Marabek for
collaborating with us in this journey.”

“We can offer a lot of great connections within the financial and manufacturing sectors globally and knew the partnership with BankFinancial would be a great match,” said Jessica Marshall, Partner at Marabek. “We’re excited to see two great companies partner together and achieve great things.”







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