FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Marquette Funds $11.68MM Facility to Prime Window Systems

September 07, 2016, 07:37 AM
Filed Under: Manufacturing

Marquette Business Credit announced it recently funded an $11,684,000 credit facility to Prime Window Systems, LLC.  Prime Window Systems is a window and door manufacturer based out of Denver, CO.
Tim Morris, Partner at Morris Capital Management was quoted as saying, “Marquette has been a responsive, straightforward and helpful partner for Prime Window Systems all the way from the initial proposal stage up to and including the eventual closing. We could not have closed this acquisition without their support and look forward to working with them on this and other businesses in the future.”

The secured facility consists of a $10.0 million revolving line of credit plus an additional $1.33 million equipment term loan and a $350 thousand cash flow loan.  This new facility offered by Marquette will support the acquisition of the company by Morris Capital Group and provide additional capital to meet their 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 flow 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. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty lending businesses.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.