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Marquette Business Credit Provides $16.5MM to Flooring Manufacturer

May 18, 2016, 07:41 AM
Filed Under: Building Supplies

Marquette Business Credit recently funded a $16.5 million credit facility to a hardwood lumber and flooring manufacturer.

The secured facility consists of a $15.0 million revolving line of credit plus an additional $1.5 million equipment term loan.  This new facility offered by Marquette will provide the company 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. 

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.

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