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Marquette Business Credit Provides $5MM Credit Facility to Pancon

August 23, 2016, 07:49 AM
Filed Under: Manufacturing

Marquette Business Credit announced it recently funded a $5 million credit facility to Pancon Corporation and its affiliates.  Based out of East Taunton, MA and a Milestone Partners portfolio company, Pancon is a global designer and manufacturer of custom cable connectors and multi-layer polymer capacitors. 
The secured facility consists of a $4.50 million revolving line of credit plus an additional $500,000 cash flow term loan.  This new facility offered by Marquette will provide Pancon with the working capital needed to refinance their existing line and provide additional capital to meet their business growth expectations. 

Marquette Business Credit provides asset-based loans up to $25 million to middle-market companies throughout the U.S.  The loans are made to a wide variety of industries and include secured lines of credit against accounts receivable, inventory, machinery and equipment, real estate, along with cash llow supported Term Loans. 

UMB Financial Corporation is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers.

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