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Marquette Business Credit Funds $5MM to Kiss My Face

September 11, 2013, 07:25 AM
Filed Under: Distribution

Marquette Business Credit announced the funding of a new $5MM revolving credit facility for Kiss My Face in the 2nd half of 2013.  Kiss My Face is a leading brand of skin care, hair care, oral care, and other personal care products in the natural and organic sector.  KMF is one of the pioneers of natural personal care products and was founded in 1981 by Bob McLeod and Steve Byckiewicz.  Both started the business in New York by selling olive oil soap from Greece, popular for its moisturizing and anti-aging benefits, and expanded into other natural care products.  Product lines include soaps, deodorants, moisturizers, shaving cream, sunscreen, toothpaste, and lip balm.  KMF is headquartered in Gardiner, NY and is a portfolio company of Caltius Equity Partners based in Los Angeles.
Caltius Equity Partners has been making control and substantial minority equity investments in amounts ranging from $5 million to $20 million since 1999. Caltius Equity Partners invests in small and mid-sized companies throughout North America to support management buyouts, growth financings, and corporate divestitures in a broad range of industries.
“We are pleased to have Marquette Business Credit as a lending partner for our portfolio company, Kiss My Face.  The proceeds of their credit facility will provide the additional working capital needed during this growth phase as our management team executes the company’s strategic plan,” noted Michael Morgan, managing director of Caltius Equity Partners.
Marquette Business Credit provides asset-based loans to middle market U.S. based companies with credit requirements from $1 million to15 million.  On a national basis and to a wide variety of industries, Marquette provides secured lines of credit against accounts receivable, inventory, machinery and equipment, real estate, along with cash-flow supported term loans. 

Marquette Business Credit is part of the Marquette Financial Companies, a multi-billion dollar diversified specialty finance and banking entity which is owned by the Pohlad Companies founded in the 1950’s by Carl R. Pohlad.

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