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Marquette Business Credit Closes Over $79MM in Recent Transactions

December 19, 2017, 08:00 AM
Filed Under: Industry News

Marquette Business Credit recently funded four new clients with new commitments totaling more than $79 million.  These new clients include Borroughs Corporation., a commercial storage systems manufacturer; Warner Robins Building Supply, building materials distributor; Ittella Foods, a manufacturer in the food industry and a factoring company located in the upper northeast.
These secured credit facilities contain a range of revolving lines of credit, equipment term loans, real estate loans, and cash secured loans.  Marquette’s credit facilities will provide these companies with the funds necessary to meet their working capital needs, refinance existing debt, purchase equipment, and provide additional capital to meet their business growth expectations.
Marquette Business Credit, LLC, a subsidiary of UMB Bank n. a., provides asset-based loans up to $50 million to middle market companies throughout the U.S.  Marquette Business Credit makes loans to a wide variety of industries, which include lines of credit secured by accounts receivable and inventory and term loans supported by equipment and real estate, as well as cash-flow supported term loans.

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