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Marquette Business Credit Provides $4.5MM to Jackson Pipe and Steel

March 19, 2015, 07:22 AM
Filed Under: Steel

Marquette Business Credit, Inc. recently provided funding to Jackson Pipe and Steel under a new $4.5 million revolving line of credit to provide growth working capital and allow for inventory expansion.  Operating from its facilities in Texarkana, Texas, Jackson Pipe and Steel is a steel distributor and service center serving the markets in Northeast Texas, Southwest Arkansas, Southeast Oklahoma, and Northwest Louisiana.

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 and to a wide variety of industries, the firm 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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