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Marquette Business Credit Funds $10MM Credit Facility to Gem City Engineering

March 08, 2016, 08:01 AM
Filed Under: Manufacturing

Marquette Business Credit announced it recently funded a $10,000,000 credit facility to Gem City Engineering Co. Founded in 1963 out of Dayton, Ohio, Gem City Engineering specializes in manufacturing design-and-build, build to print custom equipment, contract manufacturing and CNC Machining both nationwide and globally.

The secured facility consists of a $10.0 million revolving line of credit. This new facility offered by Marquette will provide Gem City Engineering with the working capital needed to refinance their existing lines and provide additional capital to meet their business growth expectations. 

Marquette Business Credit provides Asset Based Loans up to $25 million to middle market companies throughout the U.S.  The loans are made to a wide variety of industries and include secured lines of credit against Accounts Receivable, Inventory, Machinery and Equipment, Real Estate, along with Cash Flow supported Term Loans. 

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