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Marquette Business Credit Announces Three Recent Deals

June 03, 2014, 07:09 AM

Marquette Business Credit, Inc. announced it has provided Appa Seafood, Inc. (dba Appa Fine Foods, Inc.) with a $6 million revolving line of credit and $1.4 million equipment term loan to support its continued growth. Founded in 1987, Appa, through its USDA cooking and packaging facilities, produces a variety of food products for retail grocery chains, club stores, specialty retailers and food service companies. Products include frozen entrees, skillet meals, wraps, salads and sandwiches.

Marquette Business Credit also provided Sargam International, Inc. dba Agent 18, with a revolving credit facility secured by accounts receivable and inventory. Founded in 2004, Agent 18 is a leading designer/distributor of IPhone & IPod cases based in West Hollywood, CA.  Agent 18's emphasis on innovation, design, and functionality creates products that are not only functional but stylish and of the highest quality. Its top tier customers include Coach, Target, Apple, Kohl's, etc.

“I have been impressed with Marquette’s ability to see right to the heart of our business considerations at this growth juncture.  They understand our potential and have provided us with the flexibility to maximize this potential.  We’re excited to have them as a financing partner,” said Sargam Patel, CEO, Sargam International, Inc.

Lastly, Marquette Business Credit, Inc., recently provided a credit facility to Pine Valley Foods, Inc., including a revolving line of credit and term loan. Pine Valley Foods, Inc. is a manufacturer and distributor of gourmet cookie dough products for the fundraising industry.

"Marquette Business Credit has been a great partner. From the beginning of our relationship, they took the time to understand our seasonal business and as a result, structured a deal that complemented our changing working capital needs. Since we closed, Marquette has been very responsive  and have more than exceeded our expectations," noted
Joseph Giildenzopf, Pine Valley Foods, Inc.

Marquette Business Credit provides Asset Based loans to middle-market U.S. based companies with credit requirements from $1 million to $15 million.  On a national basis, to a wide variety of industries, Marquette Business Credit 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.  Throughout the decades, the Pohlad Companies’ business interests have expanded to include real estate, technology, retail, entertainment and Major League Baseball with the ownership of the Minnesota Twins.


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