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Marquette Business Credit Provides $5MM Facility to CRP

September 30, 2014, 07:11 AM
Filed Under: Manufacturing

Marquette Business Credit, Inc. recently funded a $5 million credit facility consisting of a working capital line of credit, equipment term loan and real estate term loan to Concrete Related Products, LLC ("CRP").  Headquartered in Cleburne, Texas, CRP is a fabricator of reinforcing steel and a supplier of couplers, welded wire mesh and concrete building products for construction projects.  CRP is a portfolio company of Lone Star Investment Advisors, a Dallas-based private equity firm which invests in middle-market companies located in low income communities in the state of Texas.  This transaction was originated by Andrew Burgess, a VP at Marquette's Dallas office.

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, 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 owned by Marquette Financial Companies, which is part of the Pohlad Companies, a diverse group of more than 25 independent companies owned by the Pohlad family.  The Pohlad Companies operate in financial services/banking; commercial real estate; automotive sales; sports and entertainment, including the Minnesota Twins, a major League Baseball franchise; and investments in privately held companies.

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