MB Business Capital announced that Timothy Carstens has joined its middle-market asset based lending team as senior vice president in MB’s new Scottsdale, Arizona office. In this role, he will provide lending and commercial banking services to MB Business Capital’s middle-market customers in Arizona, Nevada, New Mexico and Utah.

Michael Sharkey president of MB Business Capital said "Timothy brings an abundance of asset based lending experience to MB. As we execute our growth strategy, Timothy is a wonderful strategic addition to our team. With our expanding footprint nationwide, MB Business Capital is very well-positioned to provide the market with top-notch financial solutions and expert professionals from coast to coast."

Carstens brings over 30 years of banking experience to MB. Previously he served as a Vice President and Business Development Officer at PNC Business Credit, where he originated middle-market, asset based credit facilities. Prior to PNC he has held positions at Summit Financial Resources, M&I Business Credit, and Wells Fargo Business Credit.

Carstens is a member of the Commercial Finance Association (CFA), Turnaround Management Association (TMA), Association for Corporate Growth (ACG), Arizona Business Leadership, American Bankruptcy Institute (ABI), and Arizona Association of Economic Development (AAED). Carstens received his BS in Finance from Miami University in Oxford, OH.

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. The firm can also provide access to the full range of business banking products and services offered by MB Financial Bank.