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Marquette Business Credit Provides $12.95MM to Farren International

June 25, 2013, 07:51 AM
Filed Under: Logistics

Marquette Business Credit recently provided Farren International with a $12.95 million senior credit facility consisting of a revolving line of credit, an equipment term loan and a cash flow term loan. Marquette’s credit facility allowed the company to consolidate three successful businesses and position itself for future growth initiatives, including acquisitions.  Farren International, headquartered in Randolph, NJ, provides total logistics solutions, including heavy haul trucking, warehousing, specialized rigging, aircraft transport and other full logistical services.
“Marquette worked quickly and efficiently with the owners, managers, and investors of three already vital businesses to help bring about a successful and promising consolidation." Said Phil Antonucci, CEO Farren International, LLC.
Marquette Business Credit provides asset-based loans to middle market U.S. based companies with credit requirements from $2 million to $15 million.  On a national basis, to a wide variety of industries, the company provides secured lines of credit against accounts receivable, inventory, machinery and equipment, real estate, along with cash flow supported term loans.  

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