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Marquette Funds $5MM Credit Line to Luke’s Locker

October 16, 2014, 07:42 AM
Filed Under: Retail

Marquette recently funded a $5 million working capital line of credit to Luke's Locker. The facility will provide future working capital requirements for the borrower as it continues to expand throughout Texas. This transaction was originated by Andrew Burgess, a VP at Marquette's Dallas office.

Luke's Locker is a Texas-based running and fitness apparel retailer dedicated to providing consumers with the best values. They currently have 11 stores located throughout the Dallas/Ft. Worth, Houston, and Austin areas.  The company's mission is to grow the running and fitness population through fantastic retail and community efforts that inspire, advance, educate and entertain.  Joe Unis advised Luke's Locker on various aspects of the financing.

Marquette Business Credit provides asset-based loans to middle-market U.S. based companies with credit requirements from $2 - $15 million.  On a national basis, to a wide variety of industries, Marquette provides secured lines of credit against accounts receivable, inventory, machinery and equipment, real estate, along with cashflow 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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