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Marquette Business Credit Provides $6MM Credit Line to Nova Products

May 10, 2016, 07:49 AM
Filed Under: Distribution

Marquette Business Credit announced the firm has provided Nova Products, Inc. with a $6 million revolving line of credit for working capital.  The company imports and distributes exotic prefinished and unfinished hardwood flooring, exterior decking, plywood, truck trailer decking and kiln drying sticks from around the world. 

Steve Getsiv, President of Nova Products, Inc., was quoted as saying: "As an importer, we have longer inventory lead times than typical wholesale distributors. Marquette has shown a keen ability to understand the dynamics of our international trading business and provide us with a flexible structure allowing us to maximize our potential as a company."

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. 

UMB Financial Corporation is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses.

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